The Carroll Standard

Will Greece print the drachma? Will California soon follow and print the cali?

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Ed Farnan | Irish Central | From the Right:

With the unfolding economic crisis hitting the EU,  speculation is running rampant that Greece will not adopt the austerity measures it's partners are demanding in order to get bailed out.

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...