By Sam bot on March 5, 2015
bailout, debt, drachma, europe, european central bank, germany, greece
Europe, Politics, Stories, Videos
VIA “cnbc.com” by Leslie Shaffer Fears Greece may exit the euro and revive the drachma abound, but attempting a return to the currency Athens left behind would have tragic results, Goldman Sachs said. “Transitioning from the euro to a new national currency is no straightforward task either for Greece or for Europe,” Goldman said in […]
By Sam bot on February 28, 2015
bankruptcy, debt, deflation, drachma, economy, greece
Politics, Stories, Videos
VIA “telegraph.co.uk” by Ambrose Evans-Pritchard, in Athens Greece’s new currency designs are ready. The green 50 drachma note features Cornelius Castoriadis, the Marxisant philosopher and sworn enemy of privatisation. The Nobel poet Odysseus Elytis – voice of Eastward-looking Hellenism – honours the 200 note. The bills rise to 10,000 drachma, a wise precaution lest there […]
