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User Info Here It Comes In Europe (Threats); entered at 2012-05-22 11:54:03
Azusgm
Posts: 2408
Registered: 2010-12-02 East Texas
Gotta ask. Just how much sovereign paper must the banks hold to keep their regulators happy?

This is so circular that it is becoming a vortex.

From what I've read, the Greeks are relying on barter more and more. They have to. If they can't access credit and their income streams are cut, they become Euro-poor. They appear trapped without euros or a new currency. No fiat = real goods and services.

What a concept.
2012-05-22 11:54:03