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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (110278)	7/4/2015 7:09:04 PM
From: Snowshoe	Read Replies (2) \| Respond to of 218505

Scene: A restless crowd in a darkened theater smells smoke, but the exit signs are not illuminated... Printing the Drachma: The Messy Future of a Post-Euro Greece bloomberg.com Introducing a new currency is no small feat. Recent cases -- East Germany’s adoption of the deutsche mark, the Czech-Slovak divorce of 1993, and the creation of the euro itself -- benefited from years of careful planning and broad popular support. If Greece were to abandon the euro, it would have neither. “Historical precedent suggests this would be hugely challenging,” said Richard Portes, a professor of economics at London Business School. “The situation in Greece is perhaps even worse because it’s not clear that they have the administrative capacity to move quickly to a new currency.”