Well that's what was sold. That could have been done but the currency was an alleged bridge.
Greece doesn't have much of a choice now.
I read an interesting article last night how what Greece has done is show how capitalism works. The ECB took on the risk of lettting Greece pay back a loan instead of a private institution like Goldman Sachs. Greece doesn't have to pay it back. That's why debt is risk. But because it was a govt entity on the hook it's international news.
The article is on the economist i believe.
The key is job security for politicians. The tax code is one of thier necessary evil tools to control power of influence.
You should run a pilot program for flat taxes in each time zone to get a good sample size for a year or two before a mass roll out.
You can sleep better now cwg. The ground game and media push took care of things. All the newsfeeds and talking points were faithfully carried out by the sheep's err i mean supporters.
As long as we have social media we have nothing to fear. Until they tell us so.
The lazy populist notion is raising min wage or taxes solves our ills. If it were that easy it would be done.
People need to imagine central banking as i giant steam punk machine. Each button and knob and lever need to be hit at just the right time for things to work.
We simply need more people working and paying taxes. Raising taxes a little on the uber wealthy wouldn't hurt. Start cutting spending on giant chunks is good too.
But yes,rates are a delicate tango to avoid so much instability.
Turkey is a better player than Greece right now. Overall it's better for the Euro. That impacts rates here though. How much remains to be seen.
The key is Germany. How are they doing? If they get to where Greece was it all falls apart there.