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Economy

(45,274 posts)

1. Check out the recent history of Iceland

Tue May 8, 2012, 10:22 PM

May 2012

for a model of how things might go in Greece.

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29 replies

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I have an incredibly naive question ... [View all] 1StrongBlackMan May 2012 OP

Check out the recent history of Iceland Jackpine Radical May 2012 #1

Actually ... 1StrongBlackMan May 2012 #14

Yep.... follow Iceland... MrMickeysMom May 2012 #3

They didn't need to default on their sovereign debt.. girl gone mad May 2012 #10

Please explain what they did, then... MrMickeysMom May 2012 #11

I think I'm understanding the glossary of terms better... MrMickeysMom May 2012 #18

Greek Drachma IIRC FogerRox May 2012 #21

??? MrMickeysMom May 2012 #22

IIRC is If I Recall Correctly FogerRox May 2012 #29

This was a post an expat Icelander made here earlier OnlinePoker May 2012 #16

The problem with Greece is that... TreasonousBastard May 2012 #4

it's a bad analogy comparing national debts to credit cards. provis99 May 2012 #5

Could you explain why? Revaluing a currency... TreasonousBastard May 2012 #13

Greece uses the Euro not their own 'fiat currency'. PoliticAverse May 2012 #6

Greece doesn't use fiat currency, they use the Euro. girl gone mad May 2012 #8

the euro IS fiat currency. ret5hd May 2012 #12

I meant specifically its own fiat. girl gone mad May 2012 #15

To keep this discussion going ... 1StrongBlackMan May 2012 #19

They should have done it a long time ago Taitertots May 2012 #20

"how far off would the US be in doing likewise." dixiegrrrrl May 2012 #24

Indeed, you are correct. dixiegrrrrl May 2012 #26

"IMF is indeed pushing for a new currency." mother earth May 2012 #27

From Paul Krugman's site: mother earth May 2012 #28