Quote from: Wilikon on July 06, 2015, 11:08:10 PM

Quote from: LiteCoinGuy on July 04, 2015, 06:48:19 PM

Quote from: saddampbuh on July 04, 2015, 05:41:38 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?

they cant because they're in the euro and dont control their own currency

exactly. and that is the whole problem. hopefully greece will leave the eurozone!

As soon as they leave the euro zone Greece becomes cheap meat for Putin or China.

Well, what likely would happen is their new currency won't be worth much, so a few Euros buy a lot of it, and hence foreign investment floods in and the Greek islands become a preferred and CHEAP tourist spot. There would be a lot more jobs, and a lot fewer imports at higher prices.

There's NO reason for the bankers/government to steal from the bank accounts if they are going to exit the Euro - they'd pick an easier way to steal. Simply set the exchange rate, 1 Greek Dollar for one Euro. Change the bank accounts. Central bank now has all Euros, has printed currency and given it to depositors. Next week the Greek Dollar is going at 10 for 1 Euro.

It's no different - they stay on the Euro, they get money stolen. They get off the Euro, they get money stolen.