How will the New Drachma look like? (upd Roubini)

Posted by keeptalkinggreece in Photos

There is so much talk about the Euro, the “Neuro” and the “Seudo” - a normal Euro for the North and a devalued Euro for the countries of the South! It makes us tremble, shake and fall! But, hey! Somebody has a better idea: Exit the eurozone and turn back to good old  hellenic Drachma currency. Devalued , of course, and called New Drachma.

Also, Nouriel Roubini, the Dr. Death of  National Economies, said that Greece will have to restructure its debt or leave Europe’s monetary union, Boerse-Online reported, according to Bloomberg.

 Greece’s debt is so high that there is no way around a restructuring…  The only other realistic way for Greece to dig itself out of the mire would be to “drop the euro and introduce a new drachma

Trelo Kouneli, a Greek blogger calling himself Crazy Rabbit, proudly presents how the New Drachma 100-notes will look like:

 

Laurel bust: Greek Prime Minister George Papandreou.

I hope, Roubini did not make public his grim outlook after he got inspired by the New Drachma presentation here!