EFTA00937136Set 9
2012-06-1247p18,099w
periphery and no property bubble in Spain. And if they still
had the drachma, the lira, the peseta, and the escudo, the weaker European
economies could simply devalue their ... Greek government could ditch
austerity without being forced back to the drachma.
Even the possibility of a "Grexit" has made people in the other
Mediterranean countries nervous. The most telling ... system as depositors withdraw
their money. After all, if the Greeks return to the drachma, that would mean
converting all Greek bank accounts back to the old currency
https://www.justice.gov/epstein/files/DataSet%209/EFTA00937136.pdf
EFTA02720608Set 11
2012-06-1268p18,185w
periphery and no
property bubble in Spain. And if they still had the drachma, the
lira, the peseta, and the escudo, the weaker European economies
could simply devalue their ... Greek government could ditch
austerity without being forced back to the drachma.
Even the possibility of a "Grexit" has made people in the other
Mediterranean countries nervous. The most telling ... system
as depositors withdraw their money. After all, if the Greeks
return to the drachma, that would mean converting all Greek
EFTA_R1_02204144
EFTA02720615
bank accounts back
https://www.justice.gov/epstein/files/DataSet%2011/EFTA02720608.pdf
EFTA01092124Set 9
5p2,709w
fixed exchange rates. From that perspective, the euro-deutschemark is undervalued and the euro-
drachma is overvalued. If changes in the nominal exchange rates are prohibited, the euro-deutschemark
could ... adjust its real exchange rate by a powerful inflation, while the euro-drachma could adjust its real
exchange rate by a deflation. Given the distribution of power within Europe
https://www.justice.gov/epstein/files/DataSet%209/EFTA01092124.pdf
EFTA02411383Set 11
19p11,784w
easier than it would be to replace, say, the euro with a new drachma.
With luck, today's government deficits will be temporary, gradually disappearing as the private sector comes
https://www.justice.gov/epstein/files/DataSet%2011/EFTA02411383.pdf