We have natural resources of natural gas and oil valued at 540 billion euro.
Step 1. Sell them for 500 billion worth of GOLD.
( Buyer makes 40 billion euro profit ... nice days work )
Step 2. We dump Europe, print PUNT again and back it with the value of our GOLD.
Any questions?..........
I tweeted this idea to Constantin Gurdjiev.
http://www.dublins2s.com/sites/default/files/MauraJailingDS2S.pdf
Constantin Gurdgiev @GTCost
@DrumStig Get that buyer in first...
....well I consider that an endorsement!!
If the only problem is to find a buyer then someone call China and/or George Soros.
Game Over.
We'd end up with the only paper currency in the world ACTUALLY WORTH SOMETHING!!