If Greece was kicked out of the EU, would that save the dying Euro?

[Mr Khan]

generic-user-1 said:

Mr Khan said:

QE isn't a magic bullet, but it does soften the blow. What *works* is demand-spurring infrastructure projects and other forms of wise government spending, but often there is not the will to increase spending in an economic downturn. Being removed from politics, banks are free to apply their tools, and QE at least encourages business spending (because punting the interest rates means there's much less incentive for businesses to save), and cheap credit saves at least some distressed businesses. Now this creates the problems of "zombie firms", but in light of a lack of government will to do what is right for its people, QE can provide some help in terms of mitigating the human costs of an economic collapse.

QE isnt working and cant work, the banks dont have more money if they sell high value bonds, they need those to get fresh money from the ecb, the only positive thing about QE is the negative interest on bonds, but that hurts other companys and banks.

its way better to send every citizen a check with the mail, thats fresh money going directly into the economy. or buy greek bonds and make a haircut, the ecb cant get broke, they can easyly print the lost money new.  but those things are evil because the banks dont profit from em...

I'm with you on direct fiscal stimulus. I'm just saying QE is an easier sell, and is a far cry from doing nothing.