Rattling off a list of tangentially related facts doesn't make the point I made untrue. Sovereignty is relinquished with control of currency. Democratically opposed austerity can be imposed from those in charge of the currency.
Panama wouldn't exist in its current form without the influence of the United States on its history, so it's position as a vassal country with a pinned currency may be the only one it can occupy with any stability.
https://www.theguardian.com/business/2015/jul/12/greek-crisi...
Currencies are tricky, but countries will (and should) go to incredible lengths to keep them working.
http://www.npr.org/sections/money/2010/10/04/130329523/how-f...
Panama wouldn't exist in its current form without the influence of the United States on its history, so it's position as a vassal country with a pinned currency may be the only one it can occupy with any stability.
https://en.wikipedia.org/wiki/Separation_of_Panama_from_Colo...