- Post 22 May 2012
- By Ed Farnan | Irish Central
Greece has been the economic poster child for run away socialist entitlement spending that has cratered it's economy. Even the hint of trying to rein in the out of control spending driving it into an economic death spiral, brings thousands into the streets in violent protests.
Being a sovereign country the Greeks can drop the euro and go back to printing their own currency. Rumor has it, the drachma (Greek currency) printing presses mothballed for years, are getting serviced and ready to start printing again. Of course what will the drachma value be worth on the world market? ... continues...