On Feb 26, 2015, at 8:13 PM, Louis Proyect <[email protected]> wrote: > If the > balance of forces between workers and the ruling class remains the same, > the shift to a national currency could be a disaster for workers by > making them bear the brunt of a huge devaluation.
A return to the drachma or the creation of some sort of domestic parallel currency would create a class-tiered system, with elites still using the euro (even if parked abroad) and the masses stuck with a depreciating unit. What modest savings they have would be destroyed. This seems like political disaster aside from economic. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
