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Tag Archives: drachma

Ex PM Papandreou says his gov’t explored Grexit option and refusal of first bailout

Former prime minister George Papandreou said that his government explored all possibilities including refusal of first bailout as well as exit from the eurozone before deciding to bring the International Monetary Fund in the country in May 2010. Speaking on Real FM radio on Thursday, the former leader of PASOK …

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German Ifo Institute: Temporary return to Drachma, Unconditional Debt Relief

Germans have the solution to Greek Debt crisis: temporary return to Drachma and unconditional debt relief. The idea comes from Austrian economist Gabriel Felbermayr, Director of Foreign Economy Department at conservative think-tank Ifo (Institute for Economic Research) is a Munich-based research institution and one of Germany’s largest economic think-tanks. In …

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Hey, Grexit-Junkies! You can buy your Drachma-Fix here!

Are you a Grexit-Junkie? Do you get cold turkey seeing your Drachma-fix  being timely moving away? Do you get headache, nausea, night sweats, fever, hallucinations, increased anxiety, confusion and irritability every time a Eurogroup meeting ends up in agreement with Greece? I got news for you! A medicine without prescription …

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“Grexit” scenarios with Drachmas flying around…

The “Grexit”scenarios have been around, alive and kicking already since last December, when the conservative ex PM made them top slogan against the left-wing. #Grexit” script-writers gave it a new boost right after the elections in January and when it became obvious that the new Greek new government had no …

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Greek PM Samaras: All We Want is Breathing Space – Euro Exit A Nightmare

Just hours before the crusial meetings with Euro Group head Jean-Claude Juncker, German Chancellor Angela Merkel and French President Francois Hollande, Prime Minister Antonis Samaras sent his message to the world of Greece’s lenders: We need a little breathing space to revive Greece’s economy,  the drachma would be a catastrophe, Samaras told …

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German MP: Greece Should Pay 50% of Wages & Pensions in Drachmas

 Aha! A small sleepy village in the German Upper Bavaria has the solution to Greece’s fiscal problems. The village is called “Peissenberg” and has a great man born there: Alexander Dobrindt. “Greece should start paying 50% of salaries and pensions in Drachma!” This revoluationary ’emission’ came from the lips of the executive secretary of the Christian …

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Athens: HSBC Tested Cash Machines For Drachma

 After Bloomberg currency Exchange Drachma-Test last week, HSBC bank made another test on Monday. The test was performed at the banks ATM machines in Athens. The bank confirmed the news… and I wonder how many Greeks would rush to banks and withdraw leftovers from their savings in bank deposits. HSBC …

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EU Leaders vs Greek Voters: Huge Gap, Dangerous Cliff

Italian Prime Minister Mario Monti supports ND Antonis Samaras, French President Francois Hollande support PASOK Evangelos Venizelos. The two leaders of the Greek parties that definitely support the austerity bailout. At the same time a, while the country heads for fresh elections, Greeks have developed an allergy towards the austerity and the …

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EU Commissioner, UK Money Printing Co: Playing Greece-Euro-Exit Games

What a day! Amid a barrage of warnings and threats for a Greek euro exit and UK companies making even offers to Athens to print there …Drachmas, a EU Commissioner puts the icing on top of  the euro cake. EU Trade Commissioner, Belgian Karel de Gucht claimed that the European Central Bank and the European commission …

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