Using bitcoins is just about the same as using euros. What Greece is looking at right now is either:
1. Flip the finger to it's creditors, and restructure it's debt (read "default on it")
2. Monetize it's debt by printing drachmas
3. A combinations of the above
The failure of Greece if not a monetary fiasco, it's a fiscal, governmental and democratic fiasco.
1. Flip the finger to it's creditors, and restructure it's debt (read "default on it")
2. Monetize it's debt by printing drachmas
3. A combinations of the above
The failure of Greece if not a monetary fiasco, it's a fiscal, governmental and democratic fiasco.
more so bad governments.listen to this:
public *servants* (i like the word) were getting much more money than private employees and *without* the possibility of loosing their job EVER, no matter what they did. they could spit their boss in his face, and dont get fired.
of course taking this away from them, makes them protest. its natural. no economy can survive this.
