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Just answering from an economic perspective: > What would you use it for? Buy olives? No, of course not. What government sells olives ? You'd use it to pay Gr
by candiodari 10y ago
Just answering from an economic perspective:
> What would you use it for? Buy olives?
No, of course not. What government sells olives ? You'd use it to pay Greek taxes. Those you'll pay anytime you want to buy anything from Greece.
So it doesn't matter if export companies get paid in Euros, Dollars, or anything else. They'd still owe taxes in (presumably) Drachma and that would create a market for Drachmas.
- jacobush 10y agoYes, but don't you think as much taxable activity as possible would be moved out of Greek jurisdiction? Especially as Greece would probably have to raise taxes quite a bit to finance the government... if they no longer have access to a euro bond market to do so.