Greeks dump the Euro


http://www.nytimes.com/2011/12/13/business/global/a-greek-what-if-draws-concern-dropping-the-euro.html?src=recg

LONDON — It would be Europe’s worst nightmare: after weeks of rumors, the Greek prime minister announces late on a Saturday night that the country will abandon the euro currency and return to the drachma.

 
Multimedia
 
 

Athens at night. One study done in France says a return to the drachma would mean a paradise of bargains for tourists in Greece

Instead of business as usual on Monday morning, lines of angry Greeks form at the shuttered doors of the country’s banks, trying to get at their frozen deposits. The drachma’s value plummets more than 60 percent against the euro, and prices soar at the few shops willing to open.

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About heloise8

Meaning of "trough" -- Trough is the bottom of a transverse wave. And generically means a low point or a place to fill. Venus is related to this meaning. Veins are to be filled, and venusian people are loving. The left is more venusian than the right, hence The Trough--where Heloise helps the great and the small. Heloise the politico from Blogcritics.org. Physics preacher, blogger, gardener, beach lover, book lover, writer, author.

Posted on December 13, 2011, in Government Trough, Pig Trough and tagged , , , , , , , . Bookmark the permalink. 1 Comment.

  1. There is no such thing as dumb the Euro. Not only Eurozone will be ruined, but Greece as well.

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