If Greece left the Euro, how many Drachma to the Euro would there be?

[Dauphin]

He forgot to log in as Drake.

[KrazyHorse]

a) why should I have respect for you, you sack of ignorant yet opinionated ****?
b) I'm basing my description of you as a moron on your moronic comments; what are you basing your description on?
c) I hope this one dps...

[Zoetstofzoetje]

you're not basing your description on anything. you just quote and then say 'haha you id10t m0r0n haha'

get a grip!

[KrazyHorse]

Do you think this is a debate of some kind, you imbecile? Your posts are flagrantly stupid. If you want an explanation see kuci or ph's posts in this thread.

Moreover, every post you've ever made on something even vaguely finance-related has managed to be wrong, which is what tells me that whatever you do for a living, it isn't anything in finance that requires thought.

[Zoetstofzoetje]

oh, so shift the need for argumentation to others, that's a good one. in extensio, 'wrong' is a good conclusion based on saying idiot, imbecile and moron all the time! good thinking.

[Zoetstofzoetje]

what do you do at GS anyway? are you one of those Indian programmers locked up in the basement?

[Dauphin]

Duh, he does things like obscure Greek debts.

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7318877/Goldman-Sachs-faces-Fed-inquiry-over-Greek-debt.html

Goldman Sachs faces Fed inquiry over Greek debt
Goldman Sachs' role in masking Greece's real debt burden is to be investigated by the US Federal Reserve and the Securities and Exchange Commission (SEC).

[KrazyHorse]

No comment...

[KrazyHorse]

the closer they can negotiate to 1:1 initially the better. it means they can print 1 drachme per 1 euro. they would stop printing when they cover the debt. at the same time, they would devalue their currency, which is actually good for them. it means labour will become cheap, relatively.

of course, ECB would not be happy to guarantee such an exchange rate, as effectively they'd be devaluing the euro and paying off the greek debt with their own money. so this will never happen. besides, do you know how 'expensive' it is to introduce, let alone change a national currency? everything has to be changed (back)! designing/printing/distributing money is no small feat... and nobody would have any faith in it, so it would not circulate widely.

Let us all marvel once more in the awesome idiocy of this post

[Ben Kenobi]

even if something like this happens, this is a frankenstein solution that is not good for them in the long run. but hey, you can't accuse the mediterranean cultures of thinking beyond today too far.

As opposed to status quo?

Having a Drachma again would pretty much solve all the problems.

[Zoetstofzoetje]

oh you are so incredibly supreme! how's your inferiority complex working out for you?

[Zoetstofzoetje]

As opposed to status quo?

Having a Drachma again would pretty much solve all the problems.

do you know how desperate the greeks were to get into the euro? like italy, they had to cook the books...

[Hauldren Collider]

Zoe, I think you're confusing actual superiority with having a complex.

[Kuciwalker]

zoesdflak;sjdf, how can you be this ****ing stupid?

What do you think would happen if, instead of doing your suggested 1 Drachma : 1 Euro ratio, Greece came up with a new currency (the "SuperDrachma") and released that at a 1 SuperDrachma : 10 Euro ratio? What if they then decided that was a silly name and renamed the currency the "Drachma" without changing any of the numbers on the bills?

[Zoetstofzoetje]

ok, an actual argument, this i can work with!

i was referring to a situation where the ECB negotiates an exchange rate which is temporarily put in place; ECB and Greece supporting/sustaining levels between boundaries.