The banking crisis in Greece and the proposed
30% bail-in on balances of 8,000 euros got me thinking
There's actually a
euro banknote printing facility run by the Bank of Greece in Athens. Is there any chance, given the political mess, that the Bank of Greece directly prints banknotes to meet withdrawal demands, thereby ending the bank runs? I realize this would be a no-no according to rules for eurozone membership but I wouldn't be surprised if such an idea gained popular support.