[Marxism] [Pen-l] Convert to the Drachma – Piece of Cake. Right… | naked capitalism

Marv Gandall marvgand2 at gmail.com
Thu Jul 16 06:20:35 MDT 2015

On Jul 16, 2015, at 12:41 AM, nathan tankus <somekindofheterodox at gmail.com> wrote:

> When discussing and developing our thoughts on this Yves and I discussed this with multiple IT experts who were involved in the finance IT transition to the Euro. We've also gotten pieces written by them, building on our larger economic points surrounding these issues. She's also done consulting work on large IT project changes.
> I also sanity checked these arguments with my Father who has a similar IT background to Louis. This stuff really is obvious when you talk to someone working in Finance IT.
> -- 
> -Nathan Tankus

Are these concerns relevant only to the small debtor countries on the eurozone periphery?

What if the Spanish or Italians or French decided they wanted to leave the eurozone? Their economies are far larger and more complex than is Greece’s.

Is the suggestion here that all of the peoples in the eurozone are trapped in it because the technical problems of converting to a sovereign currency are intractable, or is there something special about the technological structure of Greek capitalism?

More information about the Marxism mailing list