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Comments on: Greek fact of the day http://www.tvhe.co.nz/2011/10/05/greek-fact-of-the-day/ The Visible Hand in Economics Thu, 13 Oct 2011 14:22:12 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Borsa http://www.tvhe.co.nz/2011/10/05/greek-fact-of-the-day/#comment-34568 Thu, 13 Oct 2011 14:22:12 +0000 http://www.tvhe.co.nz/?p=6338#comment-34568 In reply to Danyl Mclauchlan.

I don’t think they would mind that deal

]]> By: Miguel Sanchez http://www.tvhe.co.nz/2011/10/05/greek-fact-of-the-day/#comment-34424 Thu, 06 Oct 2011 01:34:43 +0000 http://www.tvhe.co.nz/?p=6338#comment-34424 In reply to Miguel Sanchez.

Not peg – dollarize.  It worked for Zimbabwe.  Could Greece really be more of a basketcase than Zimbabwe?

]]> By: Matt Nolan http://www.tvhe.co.nz/2011/10/05/greek-fact-of-the-day/#comment-34423 Thu, 06 Oct 2011 01:12:39 +0000 http://www.tvhe.co.nz/?p=6338#comment-34423 In reply to Miguel Sanchez.

As a currency to “peg” against instead of the Euro yes.

As an asset, or return on investment (as its framed in the post), no 😀

]]> By: Miguel Sanchez http://www.tvhe.co.nz/2011/10/05/greek-fact-of-the-day/#comment-34422 Thu, 06 Oct 2011 00:59:51 +0000 http://www.tvhe.co.nz/?p=6338#comment-34422 In reply to Matt Nolan.

For a country that so badly needs some currency depreciation, the US dollar sounds to me like the perfect choice!

]]> By: Matt Nolan http://www.tvhe.co.nz/2011/10/05/greek-fact-of-the-day/#comment-34421 Wed, 05 Oct 2011 19:24:24 +0000 http://www.tvhe.co.nz/?p=6338#comment-34421 In reply to Kimble.

God no, they need something with some store of value

]]> By: Matt Nolan http://www.tvhe.co.nz/2011/10/05/greek-fact-of-the-day/#comment-34420 Wed, 05 Oct 2011 19:24:04 +0000 http://www.tvhe.co.nz/?p=6338#comment-34420 In reply to Miguel Sanchez.

But would they – they don’t really have a public service left to set up a new currency, as they are all striking.

]]> By: Kimble http://www.tvhe.co.nz/2011/10/05/greek-fact-of-the-day/#comment-34414 Wed, 05 Oct 2011 09:49:28 +0000 http://www.tvhe.co.nz/?p=6338#comment-34414 US Dollar?

]]> By: Miguel Sanchez http://www.tvhe.co.nz/2011/10/05/greek-fact-of-the-day/#comment-34413 Wed, 05 Oct 2011 08:01:15 +0000 http://www.tvhe.co.nz/?p=6338#comment-34413 Shouldn’t that be if Greece had a dollar for each time they were blamed for the global financial crisis, they’d be able to ditch the euro?

]]> By: Matt Nolan http://www.tvhe.co.nz/2011/10/05/greek-fact-of-the-day/#comment-34411 Tue, 04 Oct 2011 20:27:09 +0000 http://www.tvhe.co.nz/?p=6338#comment-34411 In reply to Danyl Mclauchlan.

I don’t think they would mind that deal – they’d probably bundle it up into vague credit instruments and try to sell them back to you.

]]> By: Danyl Mclauchlan http://www.tvhe.co.nz/2011/10/05/greek-fact-of-the-day/#comment-34410 Tue, 04 Oct 2011 20:25:05 +0000 http://www.tvhe.co.nz/?p=6338#comment-34410 And if Goldman Sachs had a dollar for every time they’d been blamed for the GFC, they’d be Goldman Sachs.

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