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To save the Euro, establish dual currencies

Posted on 18 October 2012

Time is fast running out on the euro. With record high unemployment in the euro zone, failing austerity measures, and restive populations in southern Europe, the E.U. may soon have to consider a far more radical long-term solution to the crisis: the introduction of dual currencies.
This solution of last resort would allow member countries such as Greece or Spain to introduce a new local currency—the new drachma or the new peseta, for instance. This national currency would be used for domestic transactions, pension benefits, and the salaries of public sector employees………………………………………..Full Article: Source


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