The silliness of a parallel currency
The silliness of a parallel currency
Peter Bofinger nailed the issue in the debate on the parallel currency, the “geuro” as proposed by Thomas Mayer. Bofinger says a geuro is worse even than a grexit because it translates prices and wages into geuros, while keeping debts in euros. The country would be immediately bankrupt, and the citizen would revolt.
Peter Bofinger nailed the issue in the debate on the parallel currency, the “geuro” as proposed by Thomas Mayer. Bofinger says a geuro is worse even than a grexit because it translates prices and wages into geuros, while keeping debts in euros. The country would be immediately bankrupt, and the citizen would revolt.
Kommentarer