Showing posts with label drachma. Show all posts
Showing posts with label drachma. Show all posts

Saturday, 18 February 2012

You're in Greece, Greece leaves the euro. What happens..................

Read Simon Calder's article in today's Independent.

Making a drachma out of a crisis

Taking a wodge of cash is one way of coping when cash machines stop working, and banks are closed long-term.  But Greece, once so peaceful and law-abiding, is changing.  A conundrum.

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?