Quote from: Wilikon on July 04, 2015, 03:12:13 PM

Quote from: Frijj on July 04, 2015, 02:51:30 PM

So let me get this right? Are they proposing to actually steal from peoples savings to pay off their debts? Why don't they just print more fake money like the usually do?

Because it is cheaper to steal what's already 'printed' in your bank account. You need money to pay for making more money. A couple of key strokes and you get punished for being a good citizen.

If you are in the EU you can't just issue more on your free will, there is a regulatory body over-watching this in the entire EU. Otherwise every country would just print and pay with that. However, now that they voted No to the referendum, if they go out of the Euro zone they will be more or less free to issue as much new Drachmas as they want. Inflating it beyond measure, of course.