I leave it to Paul Krugman to advice Greece.  I’ll stick to Greeks.  In a couple of weeks from now, while everyone is at the rally complaining about the austerity plan, the government will shut down all banks. They will get out of the euro.  On Monday, Greek ATMs will issue euronotes with a picture of Plato photoshopped onto them.  They will be called drachmas.  Plato’s picture will cause the value of the note to fall to a fraction of the value of the euro.  So, in the next couple of weeks,  following the simplest prescription of Hirschman’s Exit, Voice and Loyalty, Greeks should move all their bank accounts abroad.   Of course, the country that gave us Plato, Aristotle, Pythagoras and, my personal favorite, Thucydides, does not need my shallow advice. Via the Daily Mail:

Fat-cat Greeks have secretly shifted more than €228billion euros out of their country’s crisis-hit banks and into accounts in Switzerland, according to a report.

The big money is fleeing the country as rich Greeks fear the possible re-introduction of their old currency, the drachma, would instantly halve the value of their euros if they are left in Greek banks.

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