So if all the member nations stop taxing in euro and start taxing in their own currencies, the value of the euro goes to 0. And all the national govt debt denominated in euro goes worthless, along with all other euro denominated debt, thereby eliminating it.
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- Surveys suddenly weakening
- Yellen vs Mosler
- Offsetting the demand leakages
- oil priced in rubles chart
- macro update
- Housing starts, Japan discussion, China, US pmi, store sales
- Japan rate update, Empire manufacturing
- Early Signs Of A Slowdown In US Oil Fields
- Credit check
- is the drop in oil price a positive or negative?