I second that. I tried it and it worked beautifully.
Edit: Also since the Koinon have 2 or 3 (i can't remember) famous buildings, demolish them for big $$$$$$$$$$. This should give you enough to maintain your army without going into debt (depending on where you migrate to). It should also be enough to build a regional temp. government, and train a couple of units (again depending on where you go to.)
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