> On Jul 16, 2015, at 8:20 AM, Marv Gandall <[email protected]> wrote: > > What if the Spanish or Italians or French decided they wanted to leave the > eurozone? Their economies are far larger and more complex than is Greece’s. > > Is the suggestion here that all of the peoples in the eurozone are trapped in > it because the technical problems of converting to a sovereign currency are > intractable, or is there something special about the technological structure > of Greek capitalism?
Greece probably has more technical challenges than bigger, richer countries, but still, the political problem is that to do all the preparations for exit take a long time, which means that capital has plenty of time to leave the country. Announcing a devaluation a year or more in advance is a guarantee that your country will be asset-stripped. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
