Post
Topic
Board Economics
Re: Portugal on the Brink
by
Raoul Duke
on 06/07/2013, 07:04:59 UTC
I'm also with you on the global currency idea, but it should be some kind of honest money, not something you borrow from ECB, which they printed out of nothing

It's like ECB saying: Join me, borrow money with low interest from me (because they are created by me out of nothing), and if you can't return it, you must cut your government spendingtax your people to death so that I can lend you more

FTFY.
Source: I'm a Portuguese and I'm watching it from the front row.