Right now Greek industry is in peril because it has a fixed currency exchange rate, while with Drachma it would have a flexible one. That's a much better situation and will yield greater exports....
Type: Posts; User: Fuchs; Keyword(s):
Right now Greek industry is in peril because it has a fixed currency exchange rate, while with Drachma it would have a flexible one. That's a much better situation and will yield greater exports....
That's no issue this time. Remember, the old currency (Euro) would not lose value as in other monetary reforms. They would still be able to do business in Euro.
A new indigenous currency would...
In Germany the executive/gubernative has permission to deviate by 20% from the budget given by the legislative by shifting money and they have permission to not spend money altogether unless there's...
It's at this point useful to remind everyone that the German government is a bunch of dilettantes in regard to economic policy.
The seat of the minister of the economy is assigned 100% based on...
Only Greece and Portugal makes sense for an exit from the Euro.
Thus only bank runs in these countries make sense. They could happen without making sense, of course.
In regard to Greece, I...
About democratic legitimation:
The members of parliament have the mandate to elect a head of government in most European states. This means that such prime ministers are democratically legitimated...
The reason for NATO's relevance in Europe is that it keeps Continental Europe and the U.S. from becoming hostile to each other (which would be in neither's interest).
Staying in NATO furthermore...