This strikes me as pretty plausible, and I'm guessing the export cap here will be around €1000-equivalent. If the public perception is that nationalist dictatorship created the Spanish middle class and eurocracy destroyed it (basically only the extremely rich have accounts in safe havens), then the future could be interesting.
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The peepul's choice
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- Presenting…
- More video
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May 14th 2012 11:41
Yay!
Oh wait, did I misunderstand?
May 14th 2012 12:37
[...] Euro collapse in 2012Via Trevor, this cheerful set of predictions from Paul Krugman. What's point 5?It is remarkably [...]
May 14th 2012 12:54
That's what I'm paying you for.
May 14th 2012 12:59
If the euro's doomed how come it's still trading so high? Merkel has to back off or retire.
May 14th 2012 14:08
1.250 at lunch against sterling. We're getting there.
May 14th 2012 19:25
More amusement: http://ftalphaville.ft.com/blog/2012/05/14/998631/grexit-and-the-euro-an-exercise-in-guesswork/