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.