Yanis Varoufakis, has resigned. In one of his last pronouncements as Greek Finance Minister, Varoufakis said the idea that Greece could print Drachmas was a fallacy. He is reported as having said "we destroyed all the presses."
While he might be right in one respect, that of printing actual Drachma notes, he's fundamentally wrong in another. There is an option that would fix much of the crisis - although it's one that would cause the EU to have a major fit.
Imagine that you need to book a flight at short notice from London to Kuala Lumpur and back. There aren't many options but you find one with a transit in Abu Dhabi and, even better, it only takes about an hour longer than a direct flight. So you book it on-line through a reputable on-line service but, because the flight is at short notice, it's necessary to do some of the paperwork by phone.
When I began writing my new book, there was one primary focal point: big companies providing internet services profit from the crimes of others. That profit can be tracked and traced and internet companies can be made culpable in just the same way as banks, etc. who deal with criminals.
I'm English. I don't have a vote in tomorrow's Independence for Scotland vote. If I did, I'd vote that they are thrown out of the Union, that all Scots are sent back across the border, unable to benefit from continued residence in the rest of the UK. I'd revoke the damage including fundamental constitutional change done to England by the Scottish combine of Blair/Brown and Darling.
For sure, I would not be bribing them to stay as the current UK government is trying to do.
Not the best start to Friday to discover that some bastard is promoting illegal copies of my book "Sun Tzu and the Art of Litigation" hosted by Cloudflare on a domain released by Public Domain Registry (PDR) - a company we are already looking at because it is heavily featured, along with GoDaddy, in the latest wave of domain registrations for spamming - all with a .eu address. More in the imminent issue of World Money Laundering Report.