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on Dienstag, 18. August 2015 at 19:27, Louis Proyect via Marxism wrote: > has an unrealistic take on the amount of work it would take to modify > Greek computer systems to handle a return to the drachma. Reading your article leaves me open mouthed unable to understand the problem which you seem trying to solve. I can't see one. One would simply declare all bank accounts to be in the New Drachma instead of Euro, and that's it. Either 1:1 or at a given exchange rate. Just as it happened in the other direction, when the national currencies where converted by a given exchange rate (fixed a few years before) to Euro. In the German case, the exchange rate was fixed to 1.95583 DEM/EUR. And the account was changed from being made out in DEM to made out in EUR. The GDR people had two changes in one decade, first from DDR-Mark to DEM, then from DEM to EUR. Cash was changed by the banks in the given exchange rate. What the fuck are you fantasizing about? The only problem is to have the neccesary amoung of coins and bills in the new currency, and producing that takes time. Cheers, Lüko Willms _________________________________________________________ Full posting guidelines at: http://www.marxmail.org/sub.htm Set your options at: http://lists.csbs.utah.edu/options/marxism/archive%40mail-archive.com
