The first rule of leaving the euro is you do not talk about leaving the euro.
That’s because, if you do, you’ll not only alienate the vast majority of voters who all want to stay in the common currency, but you’ll also be blamed for the resulting bank run that will cripple your economy. Nobody, after all, wants to see their euros turned into, say, lira that wouldn’t be worth anywhere near as much, so everybody would try to get their money out of the banks before that could happen. And that’s why the best way to actually exit the […]
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