Friday, October 7, 2011


A nice column from Floyd Norris on the parallels between Argentina's exit from its dollar peg, and Greece's potential exit from the euro.  It would be messy, in part because there is no legal mechanism in place to do that; or as Norris puts it:
The euro was designed to be the Roach Motel of currencies. Once you enter, you can never leave. There is no provision for departure. 
Hmm... Norris' column might be a good reading for Econ 270, but will Greece still be in the euro by spring semester??

Norris is referencing this vintage TV ad.

No comments: