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 […]
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 […]
VIA “bbc.com”, author not specified Germany has rejected a Greek request for a six-month extension to its eurozone loan programme. The rejection came despite the European Commission calling the Greek request “positive” only minutes earlier. Greece had sought a new six-month assistance package, rather than a renewal of the existing deal that comes with tough […]
VIA “blog.reuters.com” by Hugo Dixon Greece desperately needs a quick fix. Time is running so short that a deal is needed in the next few days to stop Athens going bust. That will be, at best, a short-term patch-up while a long-term programme is worked out. Compromise is needed by both Greece’s radical new leftist […]
