Will there be a Grexit?

[Unix]

Why can't the Greeks just start printing Euro notes?

I doubt the ECB would allow that, I hope they are already printing plenty of Drachma as I doubt there will be an agreement come Sunday.

[BrilloPad]

I doubt the ECB would allow that, I hope they are already printing plenty of Drachma as I doubt there will be an agreement come Sunday.

How would they stop it? Send in the tanks?

[Unix]

How would they stop it? Send in the tanks?

They would kick them out the EU.

[centurian]

How would they stop it? Send in the tanks?

You jest - but in all seriousness, probably yes - it would likely be considered an act of war.

After all, what's to stop the Greeks, or any other country, from printing US Dollars - apart from a fleet of aircraft carriers, submarines and tomahawk missiles.

[PurpleGorilla]

I would imagine the Euro could stay as a second currency - giving some transitional stability and indexing - as well as international trade capability, even if they switch to the drachma.

The Euro is in many ways a second currency in the UK; it is accepted in many shops.

[Zero Liability]

The Greeks aren't workshy they work harder than the Brits.

Of those who work. A good deal don't. Besides, who gives a tulip how 'hard' or 'long' some work, if you're not productive and could do more in less time, you're just not being very efficient. Germans may work fewer hours but their productivity levels are much higher.

Of those working for the government, let's please not delude ourselves into thinking they're doing much of value or working particularly hard. Part of the problem was their highly entitled, bloated public sector and high levels of corruption. The Greek government has not enjoyed particularly high levels of approval or trust amongst Greeks historically for these very reasons. Maybe the creditor 'power' dimwits will now get the hint.

[Chuck]

Of those working for the government, let's please not delude ourselves into thinking they're doing much of value or working particularly hard. Part of the problem was their highly entitled, bloated public sector and high levels of corruption.

Sorry, are you talking about the UK or Greece here? It isn't clear.

[Zero Liability]

You jest - but in all seriousness, probably yes - it would likely be considered an act of war.

After all, what's to stop the Greeks, or any other country, from printing US Dollars - apart from a fleet of aircraft carriers, submarines and tomahawk missiles.

Gotta protect that monopoly money from falling to its true value! But yes, it's unlikely the ECB would tolerate it (understandably), and I'm sure they'd find ways to penalise Greece if they did do it. Maybe they should try dogecoins instead.

[BrilloPad]

I read an article in guardian earlier. Athens has a printing press. But it is only set-up for 10E notes!

Printing currency for another country would be difficult.

Lee Child's first book was about the process. There the issue was about getting the paper. So they used $1 notes to make blank $ notes and printed $100 on them. But I bet its more difficult than that.

[Zero Liability]

Sorry, are you talking about the UK or Greece here? It isn't clear.

Greece. Although it's a matter of degree.