drachma

  The German edition of the Wall Street Journal (WSJ), suggests that a Greek exit (Grexit) from the euro is still imminent. This time the Drachma scenario is being resuscitated not because the economic crisis in Greece is getting worse. Quite...

It does not look like Greece will return to the drachma, despite all comparisons made to  Ethiopia and Albania concerning similar economic  circumstances. The German newspaper Süddeutsche Zeitung said that rich people in Greece are still having fun every night,...

Saying they would no longer put up with being told what to do and to keep imposing pay cuts, tax hikes, slashed pensions and seizing bank accounts so that foreign bankers putting up bailout loans could be paid back,...

Amid fears last year of a run on Greek banks when the country edged close to default, Greece's central bank had billions of euros of banknotes shipped in from other central banks to make sure there was enough money...

ATHENS – While many Greeks fear that if anti-austerity parties win the June 17 elections Greece could be forced out of the Eurozone, noted hedge fund manager Jason Manolopoulous, who wrote a well-received book on the crisis, said the...

The Bank of Greece describes a potential exit from the Eurozone as a nightmare for Greece. The Drachma would be followed by a currency devaluation of 65%, the country's inflation will rise up to 30% and unemployment rates will...

Tourism is the ultimate 'industry' of Greece. Due to the crisis, tourists seem to be choosing neighboring destinations this year in contrast to previous ones. Now, German travel group TUI is advising their clients, who travel to Greece individually, to...

Media agencies around the world may be constantly reporting on an impending Greek exit from the Euro Zone, but there are warnings of a possible negative outcome in the Greece situation, which could prove disastrous for the future of...

According to Financial Times, Eurozone central bankers have talked publicly for the first time of managing a possible Greek exit from Europe’s monetary union, as stalemate in Athens talks on a coalition government raises the prospect that Greece will...

Banks are quietly readying themselves to start trading a new Greek currency. Some banks never erased the drachma from their systems after Greece adopted the euro more than a decade ago and would be ready at the flick of...