Showing posts with label markka. Show all posts
Showing posts with label markka. Show all posts
October 26, 2012
Sir, Gillian Tett describes the very interesting possibility of Finland going its way with a neo-markka “Euro woes make a Finnish parallel currency thinkable” October 26. My mind drifted in two directions.
First, after offering to convert the Euros of their own citizens into neo-markkas at a 1:1 rate, perhaps up to a certain amount per citizen, they should auction out a conversion amount to the rest of the eurozone, to the highest bidders, and deposit all euros obtained over the 1:1 rate into the European Stability Mechanism, as a sort of friendly goodbye gesture.
Second… why would they go alone… why not take the ferry over to Stockholm and chat about a mutual currency project? Finland and Sweden have so many similarities.
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