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Rattling off a list of tangentially related facts doesn't make the point I made untrue. Sovereignty is relinquished with control of currency. Democratically opp
by omegaworks 9y ago
Rattling off a list of tangentially related facts doesn't make the point I made untrue. Sovereignty is relinquished with control of currency. Democratically opposed austerity can be imposed from those in charge of the currency.
https://www.theguardian.com/business/2015/jul/12/greek-crisis-surrender-fiscal-sovereignty-in-return-for-bailout-merkel-tells-tsipras https://www.theguardian.com/business/2015/jul/12/greek-crisi...
Currencies are tricky, but countries will (and should) go to incredible lengths to keep them working.
http://www.npr.org/sections/money/2010/10/04/130329523/how-fake-money-saved-brazil http://www.npr.org/sections/money/2010/10/04/130329523/how-f...
Panama wouldn't exist in its current form without the influence of the United States on its history, so it's position as a vassal country with a pinned currency may be the only one it can occupy with any stability.
https://en.wikipedia.org/wiki/Separation_of_Panama_from_Colombia https://en.wikipedia.org/wiki/Separation_of_Panama_from_Colo...