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bossy22

(3,547 posts)
11. With what money?
Wed Jan 2, 2013, 11:58 PM
Jan 2013

Greece is suffering from a "capital flight"- in lay-mens terms that is essentially "money leaving the country". The Greek national government has no control over monetary policy- they cannot just "raise funds" like the U.S. or UK can do; they can't just ask their central bank to do massive monetary stimulus.

The only way the government could do that would be if it re-instituted the drachma as the official national currency.

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