Germany Must Hit the Eject Button

October 1st, 2011

Absent significant monetary instability or an injunction for use of bancor for the making of an important set of payments (e.g. payment of taxes), surmounting the barriers to wide acceptance would be a key and perhaps prohibitive challenge.

—IMF on the Proposed Global Currency Called the Bancor, Reserve Accumulation and International Monetary Stability, April 13, 2010

There is serious trouble ahead.

Via: Stratfor / Business Spectator:

It seems that if the eurozone is to be saved, Greece needs to be disposed of.

This cannot, however, be done cleanly.

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