Friday, 10 February 2012

The potential for Greek default and a return to the drachma

The potential for Greek default and a return to the drachma


Greece joined the euro in January 2002.  I was in Naxos on Carnival weekend that year, and saw the Carnival procession along the Paralia.  One of the floats was a "funeral" for the drachma.  How would the Greeks view a return to the drachma?

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