Iceland went into financial meltdown four years ago. It allowed its corrupt banks to go bust, and started again. After one year of struggle it recovered, and in three years became one of the world's stronger economies. Greece (and the six others) could do much better:
1. Re-launch the Drachma currency, backed either by a selection of 30 commodities (the Borsodi Constant System,) or gold. Exchange Euros at a rate - one constant Drachma for every three Euros will be fine.
2. Allow the corrupt banks to go into liquidation. Move the accounts and related assets of depositors across to a state bank, which would adopt the junior staff and offices of the existing banks. Senior banking staff would not be hired because of their past failures.
3. Refuse to pay any debts to the EU on the basis that the Euro was a trojan horse scheme to force the abolition of their nation, impoverish them, and to enslave their people to a foreign dictatorship. (The Euro cost Greece well over £100 billion a year as it closed their industry and manufacturing, forcing them to buy from Germany.)
4. Go back to the banking regulation system that existed before 1999 (when EU Governments abolished it, to deliberately create the banking crisis, with the intent to force us into a fiscal union.)
5. Change the political class. Ban from public office for life Ministers, MP's, political parties and senior civil servants who colluded with the EU, for treasonous activity.
6. Ban members of the secret organisations that have done so much of this damage, in particular Bilderbergers, freemasons and Common Purpose from public office, on the grounds no secret organisation or secret agendas have a place in government.
7. Remove the probably corrupt - ban from government any politician or civil servant whose wealth has increased by more than double his salary while in office, on the grounds that his private interests are more important than his duties to the nation.
8. Abolish VAT, all 120,000 EU regulations, EU based laws and treaties as treasonous (the laws of a foreign power) and therefore null and void.
9. Close down three quarters of Greece's government bureaucracy, all quangos, fire their staff, and put them on the dole at half their current pay for two years.
10. Limit the number of government employees to 15% of the population in the constitution.
11. Abolish 3/4 of Greece's own regulations and simplify the business and personal environments.
12. Reduce taxes by two thirds, and reduce the number of taxes to just five. Limit total taxation, government fines, fees and charges to a maximum of 25% of the economy (or GDP) in the constitution.
13. Restrict immigration to those of Greek descent, and those who can bring in more than 30,000 Constant Drachmas, or significant skill contributions.
14. Write a new constitution, which can only be changed by a vote of at least 50% of the electorate, where no new law can be enforced by Parliament until it is approved in an annual November "referendum on parliamentary bills," so the people chose which of its new laws Parliament may have. That system is used in Switzerland, which is the most democratic nation on earth.
(That's the reason Switzerland is outside the EU, and the evil EU is trying to get the referendum system abolished so it can devour the Swiss too.)
This will disempower Greece's corrupt politicians, which is exactly what the nation needs.
If it implemented these 14 steps, Greece would then have easily the strongest economy and currency in the world.
Greece should then open its borders to the 93% of the world that is outside the EU, and concentrate trade there; particularly the rising stars of Turkey, India, China and South Korea. (International trade is only about 5% of national economies.)
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Related:
The Iceland blueprint to exit the euro
Fianna Fail finally admit truth about the bank guarantee
How the Euro debt collectors are killing Greeks–taking away their medicinesEurope’s slump deepens as Kabuki summit falls short
