21 April 2015 - Country that is in default CANNOT LEGALLY be expelled from euro if its banks are ok
- a very important comment of Victor Contancio, in
https://news.google.nl/news/rtc?ncl=drJeiYGD_0CS-rMp83bmguVMolFyM&authuser=0&ned=uk
That is why ECB will not put Greexe out of euro zone
ECB is thinking of preparing 'IOU's = I owe u's'
Greece governmnent would give these T-bills to banks
Greece pleads for more cash, so its econpmy and trading can run again
http://blogs.channel4.com/paul-mason-blog/greek-cash-call-critical-eurogroup/3593
But Greece KNOWS it cannot be expelled from euro zone, that is why it can rely on ECB for more cash, because GR creditors are also interested on a flourishing Greek economy. 'Money makes the world go around', so it is in debtors advantage to give Greece more money.
Colleague-countries are not prepared, but ECB, Draghi, is prepared.
Greek call for cash before EU meeting 24 April: http://blogs.channel4.com/paul-mason-blog/greek-cash-call-critical-eurogroup/3593
Philippe Blankert 21 April 2015
http://euro-drachma-grexit.blogspot.nl/
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