Follow-up: Monetisation of Greek State-Owned Assets in the Form of a Parallel Currency

Following up from contributions to ifo Schnelldienst 23/2011, Udo Neuhäußer, from the Federal Ministry of Economics and Technology, suggests introducing Greek state assets in the form of a special assets fund and using the latter as collateral for a Greek parallel currency, or the “new drachma”. This monetization of state assets would largely free the country of its debts and create enhanced recovery perspectives.