| 单词 | drachma |
| 例句 | The only coin she had was her silver Athenian drachma, which didn’t make a great tribute. The Mark of Athena 2012-10-02T00:00:00Z Were the Ptolemies in essence colonial occupiers and exploiters, bent on wringing the last drachma and obol from a captive land regardless of the consequences? Circumference 2008-11-25T00:00:00Z The camp store loaned me one hundred dollars in mortal money and twenty golden drachmas. The Lightning Thief 2005-07-01T00:00:00Z I poured some golden drachmas in the pouch. The Lightning Thief 2005-07-01T00:00:00Z “Mom—” “Your ambrosia and nectar, Percy? And a golden drachma in case you need to contact camp?” The Titan's Curse 2007-05-11T00:00:00Z In the cash register I found twenty dollars, a few golden drachmas, and some packing slips for Hermes Overnight Express, each with a little leather bag attached for coins. The Lightning Thief 2005-07-01T00:00:00Z I set three golden drachmas on the counter, part of the stash I’d found in Crusty’s office desk. The Lightning Thief 2005-07-01T00:00:00Z “The dining car wiped me out. I fished out my last bit of change and passed Grover a quarter, which left me two nickels and one drachma from Medusa’s place. “ The Lightning Thief 2005-07-01T00:00:00Z I took out a fistful of drachmas and let the coins spill through my fingers. The Lightning Thief 2005-07-01T00:00:00Z I made everyone in the club Christmas cards and attached a Greek drachma from the 1800s to each one, unsure if they’d think it was stupid. Made You Up 2015-05-19T00:00:00Z One golden drachma gleamed at the bottom of the fountain. The Battle of the Labyrinth 2008-05-06T00:00:00Z The club seemed to really enjoy their gifts, even before I explained what the drachmas were. Made You Up 2015-05-19T00:00:00Z I dug my last gold drachma out of my pocket and threw it at Luke. The Sea of Monsters 2006-04-01T00:00:00Z Annabeth dug into her pocket and brought out a silver drachma. The Mark of Athena 2012-10-02T00:00:00Z She found herself surrounded by a knee-high mound of treasure—Roman denarii, silver drachmas, ancient gold jewelry, glittering diamonds and topaz and rubies—enough to fill several lawn bags. The House of Hades 2013-10-08T00:00:00Z The railing was lined with those tourist binoculars, where you could deposit one golden drachma and see the city. The Last Olympian 2009-05-05T00:00:00Z The ancient mortal drachmas had been silver, Chiron told us, but Olympians never used less than pure gold. The Lightning Thief 2005-07-01T00:00:00Z I wanted to ask him about that, but then he pulled a golden drachma from his saddlebag and tossed it to me. The Titan's Curse 2007-05-11T00:00:00Z Annabeth pulled out a gold coin that I recognized as a drachma, the currency of Mount Olympus. The Sea of Monsters 2006-04-01T00:00:00Z The coins glittered in Ephialtes’s hair, and Percy realized with nauseating certainty that some of them were silver drachma, exactly like the one Annabeth had gotten from her mom. The Mark of Athena 2012-10-02T00:00:00Z Chiron fished a golden drachma out of his pouch, tossed it through the mist, and muttered, “O Iris, Goddess of the Rainbow, show us the threat.” The Last Olympian 2009-05-05T00:00:00Z Unfortunately, Annabeth’s drachma had no magical powers—at least nothing useful. The Mark of Athena 2012-10-02T00:00:00Z On the far wall, in the center of the spider swarm, a red symbol blazed to life: the figure of an owl like the one on the silver drachma, staring straight at Annabeth. The Mark of Athena 2012-10-02T00:00:00Z I dug out my last golden drachma and made one more Iris-message. The Titan's Curse 2007-05-11T00:00:00Z He didn’t have any drachmas for an offering, and apparently the goddess Iris wasn’t interested in nuts and bolts. The House of Hades 2013-10-08T00:00:00Z “Well, now..Charon moistened his lips. “Real drachmas. The Lightning Thief 2005-07-01T00:00:00Z He threw a golden drachma into the rainbows created by the mist and yelled, “O goddess, accept my offering!” The Titan's Curse 2007-05-11T00:00:00Z On the coach’s nightstand sat a bowl of water, a stack of golden drachmas, a flashlight, and a glass prism for making rainbows. The House of Hades 2013-10-08T00:00:00Z Inside were fresh clothes for all of us, twenty bucks in cash, a pouch full of golden drachmas, and a bag of Double Stuf Oreos. The Lightning Thief 2005-07-01T00:00:00Z “Leave cash or drachmas to pay, whatever you’ve got, but this is an emergency. I’ve got a feeling were going to have a lot more people to treat.” The Last Olympian 2009-05-05T00:00:00Z As she watched, it changed from a New York subway token to an ancient silver drachma, the kind used by Athenians. The Mark of Athena 2012-10-02T00:00:00Z Then a pleasant female voice spoke from the steam: Phase deposit one drachma. The Battle of the Labyrinth 2008-05-06T00:00:00Z She threw her coin into the street, but instead of clattering on the asphalt, the drachma sank right through and For a moment, nothing happened. The Sea of Monsters 2006-04-01T00:00:00Z I searched my pockets for money, and found nothing but a golden drachma. The Sea of Monsters 2006-04-01T00:00:00Z I tossed him a golden drachma and we marched through. The Last Olympian 2009-05-05T00:00:00Z At the bottom of the pool, coins shimmered—a dozen or so golden drachma. The Titan's Curse 2007-05-11T00:00:00Z On the shore was a canoe rental operation that was closed for the season, but I left a stack of golden drachmas on the counter and a note saying IOU two canoes. The Titan's Curse 2007-05-11T00:00:00Z The woman’s voice from the mist said, Phase deposit one drachma for another five minutes. The Battle of the Labyrinth 2008-05-06T00:00:00Z Shylock, a comic villain as well as a suffering father, wept copiously after his daughter ran away from home with suitcases full of jewels and drachmas. Notes on a truly Shakespearean year: An enlightened boldness brings out the best in the Bard 2016-12-19T05:00:00Z Greece was still on the drachma, the dollar was strong and everything was blissfully cheap. Favorite Place : Peeling Back the Layers of Naxos, Greece 2014-03-07T16:25:34Z The debt crisis, political extremism, the return of the drachma, to name but a few? Stephen Fry steals show, and Greek hearts, in Parthenon marbles debate 2012-06-12T14:00:03Z Last year, visitors, fearful of what would happen to reservation deposits if Greece reverted to the drachma, canceled their bookings or put them off. Update : Luring Tourists Back to Greece 2013-05-22T16:35:53Z Zeno was a merchant who lost all of his goods in a shipwreck and arrived in Athens with a few drachmas in his pockets. How I learned to stop worrying and rediscover the ancient philosophy of Stoicism 2019-05-19T04:00:00Z But Mark Antony’s stirring rhetoric, and his promise of a Caesar dividend, “75 drachmas”, immediately turn their allegiance. May as Polonius, Gove as Cassius: is Brexit a Shakespearean tragedy? 2019-04-12T04:00:00Z The visage of an ancient copper drachma flickered on it. Requiem 2018-04-03T04:00:00Z “Greece is home. But with the scenario of returning to the drachma, everyone was terrified,” said Gogi, 34, referring to Greece’s pre-euro currency. Battered for a decade, Greece feels an unexpected whiff of revival as Europe gains strength 2018-03-07T05:00:00Z The word evolved to drachma, the name of Greece’s currency before the euro. Lessons from ancient Greek coinage 2017-12-13T05:00:00Z The euro-denominated debt pile would be essentially erased if Greece reverted to the drachma, its former currency. Trump envoy declares 'odds on Greece will break from euro' 2017-02-08T05:00:00Z Perhaps the biggest losers in the election were the breakaway Syriza leftists, who formed their own party, Popular Unity, and campaigned urging a return to the drachma rather than an acceptance of new austerity measures. Alexis Tsipras of Greece Faces Bailout Mandates in Next Test 2015-09-21T04:00:00Z When Greece verged on exiting the euro this summer, the government explored nationwide backups including I.O.U.s, a possible parallel currency or a return to the drachma. Trading Meat for Tires as Bartering Economy Grows in Greece 2015-09-21T04:00:00Z I will not, however, join those who think that exiting the eurozone, to bring about a major devaluation with a reintroduced drachma, is in itself a program for Greece’s recovery. Yanis Varoufakis: How Europe Crushed Greece 2015-09-08T04:00:00Z Mr Lafazanis will campaign for an exit from the euro and the reintroduction of the drachma. And another one 2015-08-27T04:00:00Z Popular Unity is led by former energy minister Panagiotis Lafazanis, who argues that Greece would be better off leaving the euro and going back to the drachma. Syriza split: What next for Greece and bailout? - BBC News 2015-08-21T04:00:00Z Switching to a new drachma would be “a whole different ballgame,” Mr. Martinis said. Greek Crisis Pinches Importers in U.S. 2015-07-29T04:00:00Z Some idea of, say, bringing the drachma back? The Greek Grexit Plan: Varoufakis Had A Scheme All Along, A Secret One 2015-07-27T04:00:00Z Point 4 appears to refer to the revelation that Syriza’s Left Platform hatched a plan to return to the drachma, after last month’s Euro summit where the bailout plan was agreed. Yanis Varoufakis defends secret plan for parallel Greek payment system - live updates 2015-07-27T04:00:00Z Some members of Greece’s leftist-led government wanted to raid central bank reserves and hack taxpayer accounts to prepare a return to the drachma, according to reports that highlighted the chaos in the ruling Syriza party. Greece rocked by reports of secret plan to raid banks for drachma return 2015-07-26T04:00:00Z Could a new drachma, 50 percent cheaper than the euro, be the catalyst for recovery? Grexit debate down but not out, Argentina lessons remain 2015-07-22T04:00:00Z If Greece returned to the drachma, a similar process might occur. Let Greece leave the eurozone 2015-07-21T04:00:00Z This of course illustrating one of the tragedies of this whole drachma drama: that no one is really being open about all of the numbers. Greek Bank Closure Cost Economy €3 Billion, Banks Reopen Monday 2015-07-18T04:00:00Z My two drachma on Plan B leak, his reaction. Yanis Varoufakis defends secret plan for parallel Greek payment system - live updates 2015-07-27T04:00:00Z A switch to the drachma would at a stroke bankrupt all Greek banks and further cut the purchasing power of Greek workers and pensioners. Fear of the Unknown Binds a Greek Deal With Few Believers 2015-07-16T04:00:00Z "But there are reasons to think that reintroduction of the drachma and devaluation would do less for Greece than devaluation did for Argentina. Greece is less open, it exports less," he said. Grexit debate down but not out, Argentina lessons remain 2015-07-22T04:00:00Z The country’s euro-denominated debts would roughly double, measured against the drachma. Let Greece leave the eurozone 2015-07-21T04:00:00Z And I would be arguing that now is the time to print those drachmas, default and declare victory. Europe To Greece: All Your Government Are Belong To Us 2015-07-14T04:00:00Z Point 4 appears to refer to the revelation that Syriza’s Left Platform hatched a plan to return to the drachma, after last month’s Euro summit where the bailout plan was agreed. Yanis Varoufakis defends secret plan for parallel Greek payment system - live updates 2015-07-27T04:00:00Z You can’t devalue the drachma to the point that gasoline production, or olive oil and cheese production, would generate sufficient earnings for Greek workers to pay for cars and computers. Greece Needs the Euro 2015-07-13T04:00:00Z "It would be worse," he said, "if the drachma returned." Greeks relieved they will stay in EU, but years of financial hardship await 2015-07-13T04:00:00Z The Greek drachma would likely be reinstituted, and Greece could end up seeking support from Russia, which would rankle European officials currently sanctioning Moscow for its involvement in the Ukraine crisis. Now That a Greek Bailout Deal Has Been Reached, What's Next? 2015-07-13T04:00:00Z If Greece were to adopt a new drachma, Greek households and businesses would start to receive income in this new currency - which would collapse in value relative to the euro. Could euro survive temporary exit of Greece? - BBC News 2015-07-12T04:00:00Z My two drachma on Plan B leak, his reaction. Yanis Varoufakis defends secret plan for parallel Greek payment system - live updates 2015-07-27T04:00:00Z Imagine, in other words, if Greece were not on the euro but the drachma, which might be devalued now and again. Greece Needs the Euro 2015-07-13T04:00:00Z Five of them signed a letter saying it would be better to return to the drachma, Greece's pre-euro currency, than to swallow more austerity with no debt write-off. Greek PM seeks backing for concessions; EU, IMF give positive signals 2015-07-10T04:00:00Z Greece will have no choice but to pay wages and pensions with IOUs, which will become a parallel currency and eventually be replaced by a new drachma, he said. Did a glimpse of life without the euro prompt Greek U-turn? 2015-07-10T04:00:00Z Grexit summits on Sunday would then focus on helping Greek operations to establish a secondary parallel currency, the half-way step to a return to the drachma. Greeks facing day of judgment in struggle to stay in eurozone 2015-07-10T04:00:00Z The assumption is that Greece would use the name of its pre-euro currency, the drachma. Weighing the Fallout of a Greek Exit From the Euro 2015-07-09T04:00:00Z “In the old days,” Ignatius continued, “a flexible drachma could have been devalued to boost exports and economic growth.” Greece Needs the Euro 2015-07-13T04:00:00Z In 2001, Greece replaced its centuries old currency, the drachma, with the Euro. Greece Is The Word: Making Sense Of The Greek Crisis 2015-07-09T04:00:00Z “Let the drachma’s value drop, both to encourage exports and to break out of the cycle of deflation,” he advised. Did a glimpse of life without the euro prompt Greek U-turn? 2015-07-10T04:00:00Z Oikonomakis said he was convinced the country would soon be forced to return to its former currency, the drachma. Greece asks European partners for new three-year bailout 2015-07-08T04:00:00Z Under any scenario, it is almost inevitable that the new drachma would plunge in value compared with the euro. Weighing the Fallout of a Greek Exit From the Euro 2015-07-09T04:00:00Z “Euro or drachma on Sunday,” was Wednesday’s headline on Greece’s leading broadsheet newspaper Kathimerini, which campaigned in favor of a “yes” vote at the referendum. Fear Grows in Greece as Decisive Hour Nears 2015-07-09T04:00:00Z It might be put to work to generate a new drachma. New Greek currency? High-tech clicks, low-tech printing, a tough sales job with Greek public 2015-07-08T04:00:00Z Restoring the drachma would give Greece more flexibility, but at the price of much greater vulnerability. Greece is trapped by the euro 2015-07-07T04:00:00Z Under these circumstances, bringing back the drachma would mean an instant return to liquidity. Twilight of the Euro Welfare State? 2015-07-07T04:00:00Z "I believe that the government wants to take Greece out of Europe and soon we will have the drachma again," he says. Greek lavish lifestyles on hold in Athens 'Yes' neighbourhood - BBC News 2015-07-07T04:00:00Z “I can’t get my medications, and next week we may be using drachmas.” Fear Grows in Greece as Decisive Hour Nears 2015-07-09T04:00:00Z During a flare-up in the Greek debt crisis three years ago, shares of the British banknote manufacturer De La Rue rose on speculation that it would land business producing drachmas. New Greek currency? High-tech clicks, low-tech printing, a tough sales job with Greek public 2015-07-08T04:00:00Z A cheap drachma would boost exports and tourism — and it might be the easiest means of post-crisis financial adjustment. Greece is trapped by the euro 2015-07-07T04:00:00Z For more on what a drachma would be worth – read this by Fortune’s Stephen Gandel. Here's What Could Happen Next in Greece 2015-07-07T04:00:00Z For one, there is the risk the property at some point might be valued in drachmas, Greece’s currency before it joined the eurozone, if the country exits the single currency. On Mykonos, Bargain Hunters Scour Property Market 2015-07-07T04:00:00Z The only option left for Greece would then be to revive its old currency, the drachma. For Greeks, a culmination after years of pain 2015-07-06T04:00:00Z He said he understood that the consequences would be painful if Greece resorted to a currency like its previous one, the drachma, but that he believed the outcome would be better in the long run. Greeks’ Emphatic ‘No’ and a Rebuke Over Austerity 2015-07-05T04:00:00Z In the old days, a flexible drachma could have been devalued to boost exports and economic growth. Greece is trapped by the euro 2015-07-07T04:00:00Z Depositors, however, are worried that some morning the government will decree that all euro bank accounts are now drachma accounts. Greece After The No Vote: Four Options For Greek Banking 2015-07-05T04:00:00Z Greece declares one drachma is worth one euro. A Win-Win Grexit for Greece and Europe 2015-07-05T04:00:00Z They said the vote was now effectively about whether Greeks wanted to remain in the euro or return to the drachma. Opinion polls show 'no' winning in Greek referendum 2015-07-05T04:00:00Z “Whether I sell my pebble stones for euros or drachmas, I will be poor either way.” Greeks Vote in Historic Referendum 2015-07-05T04:00:00Z The problem for Greece is that a euro-pegged drachma would be an easy target for speculators. Greece is trapped by the euro 2015-07-07T04:00:00Z It was unclear what Schäuble had in mind, but economists have mooted the notion of a period in which Greece might go back to its national currency, the drachma, while its economy recovered. Greek referendum: Osborne warns UK not immune from European turmoil – live 2015-07-05T04:00:00Z But the country will not return to the drachma — Greece's former currency — immediately. As Greeks vote in crucial referendum, it's not clear what the implications will be 2015-07-05T04:00:00Z With their country skirting so close to the edge – staring at the abyss that threatens to open with the reintroduction of the drachma – to do otherwise would be to court disaster. The streets are calm but Greece is haunted by fear of civil strife 2015-07-04T04:00:00Z “If there’s a no vote and the drachma returns, there will be no money, and things will turn to utter chaos.” Bailout Referendum Lays Bare Deep Schisms Among Beleaguered Greeks 2015-07-04T04:00:00Z Traders would bet that a weak drachma would devalue further and further against the euro. Greece is trapped by the euro 2015-07-07T04:00:00Z It was unclear what Schäuble had in mind, but economists have mooted the notion of a period in which Greece might go back to its national currency, the drachma, while its economy recovered. Greek referendum: Osborne warns UK not immune from European turmoil – live 2015-07-05T04:00:00Z Sunday’s referendum will ask whether the people of Greece should accept or reject the creditor’s terms, but an important subtext is the choice between keeping the euro or returning to the drachma. The Greek Referendum: Will Economic Principles Prevail? 2015-07-04T04:00:00Z But a return to the drachma would mean supplies and equipment ordered from abroad would get more expensive for Greek researchers, he admits. Greek researchers worry as crucial referendum looms 2015-07-03T04:00:00Z Although Europe’s insistence on austerity as a condition for bailout funds is profoundly unpopular here, few Greeks want to return to the drachma, the country’s former currency. As referendum looms, Greece struggles to agree on the question 2015-07-02T04:00:00Z What about a completely free-floating drachma, whose price would be set entirely by the currency markets? Greece is trapped by the euro 2015-07-07T04:00:00Z “Greece belongs to a deeply diseased monetary union,” said Kostas Lapavitsis, an economist and member of Parliament from the ruling Syriza party who has long called for a return to the old currency, the drachma. If Greece is ejected from the euro zone, it faces a chaotic currency switch 2015-07-02T04:00:00Z Most are in favour of a return to the drachma, although they refrain from saying it openly. Greece debt crisis: Splits threaten Syriza coalition - BBC News 2015-07-02T04:00:00Z It might never be able to return fully to the euro it adopted more than a decade ago, needing to print drachmas that become the main means of buying and selling. Cash Crunch Hits Everyday Life in Greece 2015-07-01T04:00:00Z Greece, whether with the euro or the drachma, is in need of nation-building. The Greek Crisis Is About More Than Money 2015-06-30T04:00:00Z She reckons that, even if a transition back to the drachma is traumatic for Greeks, they’ll be better off in the long run. For Greeks, Referendum Poses Murky Choice Between Pain, Pride 2015-06-30T04:00:00Z His high-end wines, gathered from vineyards that stretch across his country’s verdant hills, would be more competitive abroad if his costs at home were in weak drachmas. If Greece is ejected from the euro zone, it faces a chaotic currency switch 2015-07-02T04:00:00Z Re-instituting the drachma will finally allow Greece to properly value its currency, hopefully attracting buyers for its exports. The end of Europe as we know it: Why Greece is poised to change everything this weekend 2015-06-30T04:00:00Z This scenario would herald a long period of uncertainty and crisis, ending with Greece departing the eurozone and bringing back its own national currency, presumably with the same name as the old one, the drachma. Greece debt crisis: What happens next? - BBC News 2015-06-30T04:00:00Z Against this desperate backdrop, Greeks face a lose-lose choice: Accept the creditors’ tough terms, and the economy gets worse; or replace the euro with its own currency, the drachma — and the economy gets worse. What Greece’s crisis will mean for the world economy 2015-06-29T04:00:00Z He remembers gleefully shaking hands with his colleagues at the Greek central bank in 2002 when the country ditched its drachma for the euro. For Greeks, Referendum Poses Murky Choice Between Pain, Pride 2015-06-30T04:00:00Z “I wouldn’t imagine, even as a nightmare, the scenario of going back to the drachma,” Mr. Macrygiannis said, surrounded by hanging lamps, carved mirrors, old worry beads and objects intended to ward away evil. Monetary Controls in Greece Squeeze Consumers and Businesses 2015-06-29T04:00:00Z Even if a no vote meant a retreat to the previous Greek currency, the drachma, after a period of hardship, Mr. Sakellariou said, the Greeks would recover. Greeks Line Up for Money and Stock Up on Goods as Cash Rationing Starts 2015-06-29T04:00:00Z There would be disputes about financial aspects of contracts: which currency would apply - euros or drachmas? Greece debt crisis: What happens next? - BBC News 2015-06-30T04:00:00Z Reviving the drachma without “laws or precedents for how to convert all payment flows, assets and liabilities” from euros would create chaos in Greece, testified Dartmouth’s Matthew Slaughter. What Greece’s crisis will mean for the world economy 2015-06-29T04:00:00Z “Of course returning to the drachma will be very tough. Yes, there may be food stamps and rations,” he said, sitting at a cafe on Exarchia Square, traditionally an anarchist neighborhood in Athens. For Greeks, Referendum Poses Murky Choice Between Pain, Pride 2015-06-30T04:00:00Z Some analysts and investors say the restrictions on money transfers put Greece on a slippery slope that will lead to its exit from the eurozone and the reintroduction of its former currency, the drachma. Monetary Controls in Greece Squeeze Consumers and Businesses 2015-06-29T04:00:00Z Greece regularly devalued its old drachma, taking it to over 300 per dollar before it was replaced by in 2002, from 30 to the dollar in the 1970s. Fears of Greece Leaving Euro Are Fears of the Unknown 2015-06-28T04:00:00Z But it would still leave bank customers looking at their money being converted into drachma. Greece debt crisis: What happens next? - BBC News 2015-06-30T04:00:00Z But it is going to mean all of those banks going bankrupt and if there is a resurrection then those deposits are going to be denominated in the new drachma, not the old euro. So Greece Has Imposed Capital Controls: Too Bad It's Just For The Normal People 2015-06-28T04:00:00Z Europe will insist that the referendum is a choice between staying in the euro or returning to the drachma. Greek debt crisis: A country on the brink - BBC News 2015-06-28T04:00:00Z If the country left the European Union and brought back a sharply devalued drachma, “They’d gain some from tourism,” he said. An Echo of Argentina in Greek Debt Crisis 2015-06-25T04:00:00Z If Greece set up a new drachma, the name of its pre-euro currency, it is most unlikely that it would be stronger than the euro. Fears of Greece Leaving Euro Are Fears of the Unknown 2015-06-28T04:00:00Z But the Greeks are also in too deep to risk a default: were they to leave the euro and return to the drachma then the economy would become one of a third world nation. The Greek debt crisis – digested read 2015-06-23T04:00:00Z Greece would return to its pre-euro currency, the drachma, suffer instant devaluation and inflation and there would be a banking crisis. Greek debt crisis: Is Grexit close? - BBC News 2015-06-23T04:00:00Z The BBC's Christian Fraser reports from Athens, where he found there is still an appetite for the drachma, when there was apparently greater prosperity and more tourism in Greece. Greek debt crisis: 'Much better before', says taxi driver - BBC News 2015-06-22T04:00:00Z Default would not necessarily mean a different currency, like a return of the drachma. Greece's Bargaining Position: Tsipras Has A Strong Hand 2015-06-22T04:00:00Z Greek companies that borrowed in euros might find it hard to pay them back if they are mainly earning a new drachma. Fears of Greece Leaving Euro Are Fears of the Unknown 2015-06-28T04:00:00Z Even before Greece joined the euro in 2001, the more hard-nosed economists from northern Europe regarded the drachma as a second-class currency as Greece was suffering from high unemployment and low growth. The Greek debt crisis – digested read 2015-06-23T04:00:00Z As the drachma fell, pushing up import prices, inflation would surge to 35%, it reckoned, while the toll on GDP would be a decline of around 8%. Down but not yet out 2015-06-17T04:00:00Z One recent poll shows that 58 percent of Syriza party members support a return to the drachma. Greek Exit From Euro Appears Increasingly Likely 2015-06-18T04:00:00Z It’s possible that the Greeks are preparing that new drachma already: I would call them in deriliction of their duty if they’re not at least planning for it. Grexit Looms As Germany Appears To Lose Patience; Capital Controls Reportedly Being Prepared 2015-06-16T04:00:00Z The drachma would fall from parity with the euro, undoubtedly. Greece Isn't Going To Become The Next Zimbabwe, Not Even The Next Venezuela 2015-06-14T04:00:00Z Though many economists warn of chaos for both Greece and global markets, Lapavitsas believes his country would be better off reverting to its national currency, the drachma. Part of Greece's ruling Syriza party is ready to abandon the euro 2015-05-27T04:00:00Z Suppose that a greatly devalued new drachma brings a flood of British beer-drinkers to the Ionian Sea, and Greece starts to recover. Krugman's Right Again; Grexit's A Problem If Greece Succeeds, Not If It Fails 2015-05-26T04:00:00Z A result could be catastrophe, especially for Greece itself, which would have to return to its former currency, a drachma vastly reduced in value. A Finance Minister Fit for a Greek Tragedy? 2015-05-20T04:00:00Z That is, the rich avoiding taxes, the middle class getting cushy public jobs and politicians filling their pockets with huge bribes in euros instead of drachmas. The James Dean Movie That Explains the Greek Debt Negotiations 2015-04-28T04:00:00Z Greece would return to the drachma, suffer instant devaluation and inflation and there would be a banking crisis. How close is Greece to Grexit? 2015-04-16T04:00:00Z So you believe that those who say the drachma would plummet are essentially using scare tactics to enhance their bargaining position? Part of Greece's ruling Syriza party is ready to abandon the euro 2015-05-27T04:00:00Z But there is no source of recapitalisation possible without the introduction of the new drachma. Greece Continues That Slide Towards Grexident 2015-03-21T04:00:00Z The conventional wisdom is that returning to the drachma would be a catastrophe for Greece. Greece’s Next Move 2015-03-02T05:00:00Z Since Greece's debt is denominated in euros, should it return to the drachma, these euro-based bonds would require huge repayments of this new devalued currency. The James Dean Movie That Explains the Greek Debt Negotiations 2015-04-28T04:00:00Z For some reason, this supposedly entails “leaving the eurozone,” and possibly introducing a new, independent floating currency, perhaps reviving the name “drachma.” Greece's Monetary Options 2015-02-26T05:00:00Z It is not even clear what kind of currency would replace the euro in Greece, whether it would be the drachma again or something else. 'Grexit' would be no easy ride for austerity-weary Greeks 2015-02-12T05:00:00Z That in turn would mean a severe financial crisis in Greece, possibly leaving the government with little option but to reintroduce the drachma. What are Greek government's debt plans? 2015-02-05T05:00:00Z Abandoning the euro would isolate its economy and force it to return to its former currency, the drachma, which would then plunge in value. Greek Elections Risk a 'Game of Chicken' With German and E.U. Lenders 2015-01-23T05:00:00Z The drachma will rapidly depreciate against strong currencies like the Euro because no EU bank will accept it. The James Dean Movie That Explains the Greek Debt Negotiations 2015-04-28T04:00:00Z Though the starting-point might be parity between a euro and a drachma, the new currency would quickly depreciate. Zoning out 2015-01-15T05:00:00Z Keep the same number of drachmae in a paycheck but lower the value of the drachma to the euro and you get the same result but without the riots. The Great Hope Of 2015; The Greek Election Will Smash The Euro 2015-01-01T05:00:00Z It was clearly stated by many a pundit that the euro would fail and that we would soon see the drachma, lira, franc, peseta etc. back in circulation. Europe And The End Of The Euro Crisis 2014-05-27T04:00:00Z The translator of the text, Dominic Rathbone, a professor at King's College London, noted that 3,800 drachma was a relatively small amount of money — about enough to buy a donkey, according to another papyrus. Match-Fixing Took Place in Ancient Greek Wrestling 2014-04-17T20:02:00Z The new currency will not be the drachma of the 1990s. No, Argentina is not a 'cautionary tale' for the eurozone 2013-05-21T11:14:04Z Instead it would conduct Greek monetary policy, in drachma, through operations with banks whose domestic balance-sheets would now be in drachma, too. Zoning out 2015-01-15T05:00:00Z "Plan B" wants to see a return of the old Greek currency, the drachma A new political party supporting Greece's exit from the euro is due to hold its first meeting. Greek pro-drachma party to meet 2013-05-18T14:10:18Z Some propose that Greece leave the euro, allowing it with one mighty bound to be free to use its shiny new, devalued drachma to export its way to nirvana. Europe's biggest enemy is in fact David Cameron's friend – the single market 2013-01-17T11:59:06Z Why invest and spend hard euros if they might suddenly be converted into devalued drachmas? Analysis: Greek economy pays high price for its high prices 2012-11-22T17:02:44Z Party general secretary Alexander Dobrindt even urged Athens to start paying half of pensions and state salaries in drachmas to ease a gradual exit. Merkel's toughest political ally turns milder on Greece 2012-10-20T15:47:13Z The change in currencies would be immediate as the government redenominated domestic assets and liabilities into drachma, most likely on a one-to-one basis with euros. Zoning out 2015-01-15T05:00:00Z “After this deal is over, drachma phobia will be over,” Antonis Samaras, the prime minister, said during a short interview on the sidelines of a conference in Athens. 'We Will Make It,' Greek Leader Says 2012-10-15T19:29:32Z Greece may be right in thinking that the biggest boost to its economy would be to end the “drachma drama”. Charlemagne: No more Grexit 2012-10-11T15:07:28Z "If this drachma nightmare goes away, the situation will probably be much better," Korkidis said. Analysis: Greek economy pays high price for its high prices 2012-11-22T17:02:44Z This year, incidentally, is the last anyone will be allowed to turn in their drachmas and receive euros. Money Museum Tries to Turn the Tide in Depressed Athens 2012-09-14T20:05:30Z It has already created new accounts for a handful of American giants that are reserved for a new drachma in Greece or whatever currency might succeed the euro in other countries. U.S. Companies Prepare in Case Greece Exits Euro 2012-09-02T20:00:01Z What companies will invest euros with us if they might only get drachmas back?” Will Greece destroy the Euro? 2012-08-24T16:31:00Z "If we went back to the drachma ... it would mean a drop in living standards by around 70%," he said. Angela Merkel and Antonis Samaras put on display of friendly diplomacy 2012-08-24T16:16:10Z Which entrepreneur would invest euros in our country, if he risks getting drachma back?” Hollande and Merkel Meet Amid Dismal Euro Zone Survey Data 2012-08-23T10:25:43Z Last month Dobrindt also urged Greece to start paying half of its pensions and state salaries in drachmas as part of a gradual exit. German minister warns coalition partners against euro populism 2012-08-14T18:42:43Z That would lead to a default by Greece and force Greece to leave the euro and bring back the drachma. For Greece there is an alternative to austerity – as Argentina proved 2012-07-30T17:00:00Z Samaras reacted angrily to suggestions from that Greece is incapable of meeting its bailout pledges and should start planning for the return of the drachma, branding the comments irresponsible. Ticking off by Troika heightens fears of Greek exit from euro 2012-07-24T18:45:50Z Nobody we met wanted to return to the drachma. The tourists who could save Greece are the rich of China and India, not Europe 2012-07-20T21:30:01Z They won the June election by playing on middle-class fears about returning to the drachma and losing savings. The eurozone endgame will begin in Greece 2012-07-16T13:54:28Z Many of them would be glad to return to the drachma and a big-spending state, with nationalised industry and banks. Viewpoint: Election leaves Greece deeply split 2012-06-23T23:58:59Z Investors in euro-zone bonds want to be sure they will be repaid, and in euros, not devalued drachmas, liras or pesetas. Charlemagne: Angela’s vision 2012-06-21T10:02:37Z Nobody knows what a new drachma would be valued at, but at the very least, it would be a volatile currency to handle. How to mitigate the risks if your small business has dealings in Europe 2012-06-20T12:00:00Z Greece needs a currency devaluation, a new currency, a new drachma. Insight: The power brokers with Europe's fate in their hands 2012-06-20T09:38:55Z Mothercare products are imported from abroad, and there is not much that Mr Lappas can do to cushion the firm, at least over the long term, against the devaluation of a new drachma. Greek businesses: No longer masters of their own destiny 2012-06-19T16:35:34Z Going back to the drachma would cause even more problems. ‘Grexit’ Averted 2012-06-18T12:04:00Z It would not be a simple case of resurrecting Greece's old currency, the drachma. Printing money: How to create a currency 2012-06-14T23:08:37Z The headlines are chock full of austerity plans and resulting civilian riots, runs on Spanish banks and the specter of Greece leaving the EUR for the drachma. How to mitigate the risks if your small business has dealings in Europe 2012-06-20T12:00:00Z Then there's the question of whether a Greek sovereign default necessarily means a return to the drachma. Greek elections: two weeks of volatility loom for European Union 2012-06-17T21:27:48Z Mr Lappas’s firm has interests in domestic energy production, too, which would work to his advantage in the event of a reintroduced drachma as the costs of imported energy rise. Greek businesses: No longer masters of their own destiny 2012-06-19T16:35:34Z It is D-Day for Greece, - the D, in this instance, standing for drachma. Papers focus on election in Greece 2012-06-17T04:31:19Z Samaras told supporters on Friday they faced a stark choice - "euro versus drachma." Greek vote could unleash seismic shocks for euro 2012-06-17T02:38:36Z Having a new drachma will be like living in the 1950s. UK Greeks braced for second poll 2012-06-17T01:33:13Z If it chooses to bring back the drachma, that is its choice, but that is only allowing the tax-evading corrupt plutocracy who run Greece to continue unreined. Euro crisis: use Greece as a springboard for change 2012-06-16T21:15:53Z These same polls show that most Greeks also want to stay in the euro zone and at all costs avoid a reversion to the country’s previous currency, the drachma. Greece Teeters on Precipice as Rebels Face Old Guard 2012-06-16T16:19:09Z "It must be based on the Greece of the euro, not the Greece of the drachma." Greeks weigh consequences of pivotal vote 2012-06-16T09:56:13Z On the right, establishment heir and New Democracy leader Antonis Samaras says rejection of the EU/IMF bailout would mean a return to the drachma and even greater economic calamity. Greek vote could unleash seismic shocks for euro 2012-06-17T02:38:36Z Others say it’s a choice between hope for an alternative to the country’s painful austerity measures and fear that such an alternative will force Greece into a devalued life with its previous currency, the drachma. Greek Elections: A Referendum on the Euro? 2012-06-15T12:50:23Z A repeat election on June 17 will likely determine whether Greece retains the common currency or returns to the drachma. IHT Rendezvous: Greece to Tourists: Keep Coming 2012-06-15T10:51:49Z Returning to a modified drachma would bring bigger problems still, not least of all a return to rationing of food, fuel and medical supplies while the new currency is put into place. Meet the Greeks 2012-06-15T08:45:00Z One big unknown for everyone here is what happens to business loan liabilities if the euro is replaced as the national currency with a new drachma. Greek patients struggle for drugs 2012-06-14T23:15:37Z It would not be a simple case of resurrecting Greece's old currency the drachma. Printing money: How to create a currency 2012-06-14T23:08:37Z He told reporters on Thursday that Syriza’s economic plan is “written in drachmas” and warned that Tsipras was “playing poker” with Greece. Greek Elections: A Referendum on the Euro? 2012-06-15T12:50:23Z French President Francois Hollande also warned Athens that if it reneged on the terms of the bailout, it could face a return to its old currency, the drachma. Euro zone may tinker with Greek bailout terms after election 2012-06-14T20:31:16Z Foreign businesses with operations in Greece have been demanding payment up front from local customers, lest they later have to accept devalued drachmas. Europe Braces for Greek Vote — and Maybe More 2012-06-14T20:08:23Z Some suppliers may even be choosing not to pay because they expect they may be able settle their bills more cheaply later in new drachma. Greek patients struggle for drugs 2012-06-14T23:15:37Z It can draw on the images and figureheads used on its previous currency the drachma. Printing money: How to create a currency 2012-06-14T23:08:37Z Mr. Chatzistefanou, the documentary maker, is among a faction of Greeks who argue that Greece should voluntarily abandon the euro and return to the drachma, its original currency. Athens Journal: Greeks Dread Future as Their World Deteriorates 2012-06-14T01:07:21Z But a new drachma is likely to lose at least half of its value compared with the euro. Will Greece Leave the Euro Zone? 2012-06-13T17:30:00Z "The drachma means death right now," Samaras told Greek TV on Sunday, pounding in the message. Greek conservative learns from debacle, but maybe too late 2012-06-12T12:32:46Z Reports on Greece's financial future concentrate on the idea of the drachma - the currency which was replaced by the euro in 2001. How would Greece switch currencies? 2012-06-11T23:47:50Z After all, if the Greeks return to the drachma, that would mean converting all Greek bank accounts back to the old currency. Europe’s Lehman Brothers Moment 2012-06-11T05:00:00Z Next month they might be charging their clients in drachmas. Hungry In Athens 2012-06-11T05:00:00Z They reckon that the Greeks will use their votes to demand a return to the drachma and trigger a stampede on the banks. Will Greece Leave the Euro Zone? 2012-06-13T17:30:00Z However, a return to a drachma would create many more questions, not least because there is simply no mechanism set up for a country to leave the euro. How trouble in the eurozone affects you 2012-06-10T16:22:08Z “This is not just about the euro or the drachma,” Samaras told a Greek reporter last week. Is the ‘Grexit’ Inevitable? 2012-06-10T14:23:00Z That would mean a swift reintroduction of the Greek drachma, and, almost certainly, an instant and dramatic devaluation of the new currency. 'Payback time' in Greece 2012-06-06T23:39:12Z It will do so, many experts say, in a single 46-hour weekend after which the dreaded drachma will be returned. Hungry In Athens 2012-06-11T05:00:00Z "The debate is about drachma or euro, catastrophe or growth." Analysis: Election promises no end to Greece's agony 2012-06-06T08:52:10Z But if they charged in drachmas, they might find this earns them very little once converted back to sterling or euros. How trouble in the eurozone affects you 2012-06-10T16:22:08Z Citizens of vulnerable European countries would rush to withdraw their euro deposits ahead of the breakup, to avoid having their savings converted into pesetas or drachmas. Economic Scene: Obama Presidency May Depend on Europe 2012-06-05T19:31:04Z The new drachma would instantly fall in value and things that are taken for granted now just wouldn't be available. 'Payback time' in Greece 2012-06-06T23:39:12Z Markets would re-open after enforced bank holidays, and the new drachma would fall, say, 60% below its official euro conversion rate; the new deutschmark would rise, say, 20% above its official conversion rate. Five ways the eurozone could break up 2012-06-03T23:34:19Z If euro deposits convert to the national currencies of the countries where the banks are located, it seems likely that the German mark will appreciate against the peseta or lira or drachma or whatever. High & Low Finance: European Bank Deposits Tell a Tale of Euro Uncertainty 2012-05-31T22:26:40Z Tsipras is adamant that he doesn't want to return to the drachma. Troubled Greece: fears of 'first domino' to fall as austerity is counted a failure 2012-05-31T18:52:38Z People who move their euros abroad are betting that if Greece does return to the drachma, they will be able to buy big piles of them with their euro stash. A Nobel Economist Fears for the Poorest Greeks 2012-05-30T20:51:35Z In Greece, the epicenter of the debt crisis, 71 percent of those polled want to keep the euro, as against to 23 percent that want to return to the drachma. Europeans Ambivalent to the Euro, Survey Finds 2012-05-29T13:20:41Z Greek drachma: De La Rue won't commit on the rumours that it is printing the currency. Banknote printer won't be drawn on drachma rumours 2012-05-29T08:09:31Z British banknote printer De La Rue is drawing up plans to print new drachma notes in the event of a Greek euro exit, according to an industry source with knowledge of the matter. Insight: European firms plan for Greek unrest and euro exit 2012-05-28T11:09:30Z One posited solution is to leave the euro and return to the drachma. Troubled Greece: fears of 'first domino' to fall as austerity is counted a failure 2012-05-31T18:52:38Z But a return to the drachma currency - feared by many - would deal the industry a further setback. Greek sex industry battered by economic storm 2012-05-27T12:11:14Z The notes were supposedly produced after the company asked its staff to scour the world to look for old drachma moulds and watermarks. Business agenda: RBS adjusts its shares, Thomas Cook sweats on a crucial vote – but De La Rue seems to be printing money 2012-05-26T23:03:13Z Photograph: Alamy Banknote printer De La Rue said a strong performance in currencies drove underlying profits up 73% last year, but refused to confirm rumours it was printing drachmas in case leaves the eurozone. Banknote printer won't be drawn on drachma rumours 2012-05-29T08:09:31Z From a distance, returning to the drachma seems like a great solution for Greece. What a Return to the Drachma Really Looks Like 2012-05-24T21:57:02Z I don't care whether we have the drachma or the euro. Troubled Greece: fears of 'first domino' to fall as austerity is counted a failure 2012-05-31T18:52:38Z Almost all sex toys sold in Greece are imported from countries such as Germany or Poland, and a devalued drachma would make them unaffordable. Greek sex industry battered by economic storm 2012-05-27T12:11:14Z In a perhaps over-optimistic move, De La Rue destroyed most the equipment it used to print drachmas before Greece joined the euro 11 years ago. Business agenda: RBS adjusts its shares, Thomas Cook sweats on a crucial vote – but De La Rue seems to be printing money 2012-05-26T23:03:13Z Greece might not need to print new drachmas right away, economists at Capital Economics contended in a paper this year. Memo From Frankfurt: Risk of Greek Euro Exit Has Europe Making Plans 2012-05-24T21:47:42Z "Every bank has a task force right now looking at the potential consequences of a return to the drachma," one Paris-based banker said. Eurozone governments ponder Greek exit contingency 2012-05-24T15:56:52Z If Greece exits the euro I've read that an 'emergency drachma' will be worth only about 10% of the euro's value. How Greece's euro-crisis could affect your holiday 2012-05-11T21:17:46Z For two years, everyone has been asking what would happen if Greece left the euro and went back to the drachma. How would Greece leave the euro? 2012-05-09T23:01:01Z If it does get a drachma contract, the choice of materials will be important. Business agenda: RBS adjusts its shares, Thomas Cook sweats on a crucial vote – but De La Rue seems to be printing money 2012-05-26T23:03:13Z Economists at Citigroup estimate that the new drachma would plunge 60 percent against the euro as soon as currency markets opened. Memo From Frankfurt: Risk of Greek Euro Exit Has Europe Making Plans 2012-05-24T21:47:42Z The country would almost certainly reintroduce the drachma, which would devalue dramatically and quickly, making it even harder for Greece to repay its debts. Q&A: Greek debt crisis 2012-05-16T12:06:53Z Currency speculation: arrive with euros, pay with drachma? How Greece's euro-crisis could affect your holiday 2012-05-11T21:17:46Z Regardless of whether Greece leaves or is thrown out, it will be in the "nuclear option" phase, involving the introduction of a new currency - the new drachma. How would Greece leave the euro? 2012-05-09T23:01:01Z It would be very difficult for Greece to execute a switch to a new drachma without prompting panic on the streets, as citizens tried to withdraw euros from their bank accounts while they still could. Economix Blog: The Euro Zone Crisis: A Primer 2012-05-22T21:57:39Z Big tourism operators like TUI of Germany and Kuoni of Britain are demanding the addition of so-called drachma clauses to contracts with Greek hoteliers should the euro no longer be in use here. Greek Businesses Fear Switch From Euro to Drachma 2012-05-22T20:43:57Z The scenario everyone recognizes is based on Greece’s reviving its traditional currency, the drachma. Euro Crisis: Why a Greek Exit Could Be Much Worse than Expected 2012-05-22T06:00:48Z Many parties show no sign of heeding warnings to make clear to a public confused about what is at stake that elections next month are effectively a referendum - euro or drachma. Greeks embrace some new myths about life with the euro 2012-05-22T07:06:51Z The scenario everyone recognizes is based on Greece reviving its traditional drachma currency. Euro Crisis: Why A Greek Exit Could Be Much Worse Than Expected 2012-05-22T06:00:48Z If we return to drachmas then my mortgage repayments will triple overnight, quadrupling our debt. Greece elections: Your views 2012-05-21T19:03:00Z The International Monetary Fund estimates that a Greek exit from the euro would lop more than 10 percent from Greece’s gross domestic product for at least the first year following a return to the drachma. Greek Businesses Fear Switch From Euro to Drachma 2012-05-22T20:43:57Z The most likely domino effect, therefore — and the one most widely expected — is that debts to non-Greek creditors would be compromised after Greece switches to the drachma. Euro Crisis: Why a Greek Exit Could Be Much Worse than Expected 2012-05-22T06:00:48Z Frankfurt and Brussels say it is impossible for Greece to have one without the other: no bailout means no euro and a return to the drachma - "drachmageddon", as some Greeks call it. Greeks embrace some new myths about life with the euro 2012-05-22T07:06:51Z The most likely domino effect, therefore – and the one most widely expected – is that debts to non-Greek creditors are compromised after Greece switches to the drachma. Euro Crisis: Why A Greek Exit Could Be Much Worse Than Expected 2012-05-22T06:00:48Z Frankly there is no external mechanism for replacing the euro currency with a new drachma in Greece. The euro crisis: The unwinding 2012-05-14T14:43:02Z “A return to the drachma would be a nightmare,” said Mr. Ioannidia, whose bookings began to trail off a few months ago and slumped badly after the election. Greek Businesses Fear Switch From Euro to Drachma 2012-05-22T20:43:57Z What if one legal system accepts the conversion of euro loans into drachmas and another doesn’t? Euro Crisis: Why a Greek Exit Could Be Much Worse than Expected 2012-05-22T06:00:48Z If Greece returns to the drachma , it will go back to poverty level not felt since the civil war after WW2. The euro in crisis: Groping towards Grexit 2012-05-15T00:02:08Z What if one legal system accepts the conversion of euro loans into drachmas and another one doesn’t? Euro Crisis: Why A Greek Exit Could Be Much Worse Than Expected 2012-05-22T06:00:48Z It is hard to imagine people willingly swapping euro notes for drachma at the official rate. The euro crisis: The unwinding 2012-05-14T14:43:02Z Economists say the drachma would be devalued by an estimated 50 to 70 percent compared to the euro. Greek Businesses Fear Switch From Euro to Drachma 2012-05-22T20:43:57Z A rational Greek with €10,000 euros on deposit, might fear the sum will be worth just €6000 after euro exit, and conversion into drachmas. The euro zone crisis: Here comes the corralito? 2012-05-17T09:40:51Z Greeks may balk at the prospect of being propelled from the euro zone and turning back to a drachma likely to be ravaged by inflation. Insight: Greece party talks framed by unreality, punctuated by insults 2012-05-21T09:50:24Z Ordinary Greeks may queue up to empty their bank accounts before they get frozen and converted into drachmas and lose half or more of their value. What next if Greece quits the euro? 2012-05-20T16:34:19Z And where a new drachma has no confidence, the euro would probably continue as the shaddow currency used by most businesses and households. The euro crisis: The unwinding 2012-05-14T14:43:02Z Given the likely sequence of events should Greece leave the – accounts frozen, converted into new drachmas and then devalued by around half – it's extraordinary there is any money on deposit at all. Euro crisis: Is Cyprus next for the Grexit? 2012-05-18T22:01:43Z It will also, surely be forced to follow Argentina in freezing bank accounts and imposing capital controls to stop citizens taking their hoarded euros out of the country; euros may be forcibly stamped as drachma. The euro zone crisis: Here comes the corralito? 2012-05-17T09:40:51Z A Greek return to the drachma would be disastrous for Britain and the rest of Europe. Greek euro exit could throw UK 'into long-term recession' 2012-05-18T14:56:33Z Greek companies who still owe big debts in euros to foreign lenders, but whose main sources of income are converted to devalued drachmas, will be unable to repay them. What next if Greece quits the euro? 2012-05-20T16:34:19Z Reintroducing the drachma risks exchange-rate depreciation in excess of what is necessary to restore competitiveness, which would be inflationary and impose greater losses on drachmatised external debts. Greek euro tragedy nears final act 2012-05-18T08:26:11Z If we went back to the drachma, things would not be any easier. The entrepreneurs aiming to rebuild Greece 2012-05-17T23:01:03Z There will be a black market in which traders prefer accepting proper euros to new-fangled drachma. The euro zone crisis: Here comes the corralito? 2012-05-17T09:40:51Z Before the euro, the drachma was known as GRD and by the numeric symbol 300 for international trading. Greek crisis: what happens next? 2012-05-17T21:10:36Z Some contracts governed by Greek law are converted into drachmas, while other foreign law contracts remain in euros. What next if Greece quits the euro? 2012-05-20T16:34:19Z Reversion to the drachma would mean wages, deposits and property values all being "cut in half", and the price of imported commodities, such as food and fuel, skyrocketing, he predicted. Austerity will send Greece to hell, warns Alexis Tsipras 2012-05-17T20:10:35Z It eliminated the possibility of doing so when it permanently retired its own currency, the drachma, in 2001. There's No Gentle Way for Greece to Exit the Euro 2012-05-16T19:41:05Z So if you are a local producer, you just get a whole lot more drachmas for your product, but you are paying your workers less. The euro zone crisis: Here comes the corralito? 2012-05-17T09:40:51Z Unless a load of forgotten drachma are found in a vault, Greece will need to print a new currency. Greek crisis: what happens next? 2012-05-17T21:10:36Z So, as the euro weakens against the pound and the dollar, and Greece faces a return to the drachma, what does this mean for people in the UK? How a Greek euro exit could affect you 2012-05-16T23:09:31Z At the same time, bank accounts would be converted from euros to "new drachmas," and domestic debt and other contracts would change to the new currency. Unknowns Loom If Greece Exits Euro 2012-05-16T21:44:06Z Greece retired the drachma when it adopted the euro in 2001. There's No Gentle Way for Greece to Exit the Euro 2012-05-16T19:41:05Z A replica of a drachma coin in Athens. Greece in crisis: this is not a quarrel in a faraway land 2012-05-16T21:26:25Z Greeks are withdrawing large amounts of money fearing their country will leave the eurozone and return to the drachma. Greeks withdraw ?3bn in 10 days since election 2012-05-16T20:43:13Z But, if they charged drachmas, then they might find this earns them very little if they convert it back into sterling or euros. How a Greek euro exit could affect you 2012-05-16T23:09:31Z Suddenly it is no longer so hard to imagine a Greek politician deciding to gamble on exiting the euro zone, restoring the drachma, and letting a drastic devaluation do its work. The European Farce 2012-05-14T05:00:00Z If Greece decides to abandon the single currency, it must start printing drachmas again or introduce some new unit of accounting. There's No Gentle Way for Greece to Exit the Euro 2012-05-16T19:41:05Z The country will be unable to pay in order to import oil, gas, food, and medicines with drachmas. Greece must remain in the eurozone 2012-05-16T14:07:47Z Savers fear Greece leaving the eurozone and returning to the drachma. Greeks withdraw ?3bn in 10 days since election 2012-05-16T20:43:13Z They face a decision on whether to keep charging this rent in euros if Greece readopts the drachma. How a Greek euro exit could affect you 2012-05-16T23:09:31Z Greece joined the single currency at a rate of 350 drachma to the euro. UK banks readying for Greek euro exit 2012-05-16T15:33:21Z When there are political forces that are saying it won't be so bad to return to the drachma, it is the equivalent of saying we should leave the euro zone. Eurozone crisis live: Greek elections called for 17 June 2012-05-16T17:10:00Z To the contrary, we should bear in mind that Greece will not devalue an existing currency, because the drachma does not exist. Greece must remain in the eurozone 2012-05-16T14:07:47Z Intense pressure would grow on the government to introduce a brand-new currency — to bring back the drachma, say. How Greece could get itself kicked out of the euro (without even trying) 2012-05-16T15:04:25Z We predict that there will be a gradual shift to the drachma, so no holidaymakers or homeowners will be stranded with unusable currency. How a Greek euro exit could affect you 2012-05-16T23:09:31Z A new drachma is expected to lose at least 50% of its value instantly. UK banks readying for Greek euro exit 2012-05-16T15:33:21Z During his travels through Greece, Mr. Portillo offered each of his interviewees the choice of a €20 bill and an alternative one denominated in defunct drachmas. IHT Rendezvous: Hate Europe, Love the Euro 2012-05-11T10:34:13Z A man arose and claimed payment of a debt amounting to three drachmas. The Life of Mohammad The Prophet of Allah 2012-04-25T02:01:04.030Z Perhaps he has been wasting his talents and his drachmas at the game of Palamedes, or else it may be that he is disappointed at not having won the prize at the Olympian games. One of Cleopatra's Nights and Other Fantastic Romances One of Cleopatra's Nights?Clarimonde?Arria Marcella?The Mummy's Foot?Omphale: a Rococo Story?King Candaules 2012-04-08T02:00:23.693Z How would Greeks swap their euros for drachmas, for example? IHT Rendezvous: An Essay Contest to Solve the Euro Crisis? 2012-04-03T11:26:42Z ICAP, the City currency broker, is ready to reintroduce a drachma trading facility by installing a new panel on its electronic screens. UK banks readying for Greek euro exit 2012-05-16T15:33:21Z In a group of stories, parables of the mother, we see the woman sweeping the house till she finds a lost drachma, the recovery of which is joyful enough to be told to neighbours. The Conflict of Religions in the Early Roman Empire 2012-03-11T03:00:13.983Z Mohammad gave him back Juwairiyah, but only to ask him immediately for her hand, offering as dower the sum of four hundred drachmas. The Life of Mohammad The Prophet of Allah 2012-04-25T02:01:04.030Z There were variations under special contracts—unit, the silver drachma. Money: Speech of Hon. John P. Jones, of Nevada, On the Free Coinage of Silver; in the United States Senate, May 12 and 13, 1890 2012-02-29T03:00:21.727Z More mainstream politicians and economists regard the idea as folly, even as some Greeks begin to consider returning to the drachma. As Old Francs Expire, France Makes a Small Mint 2012-02-18T21:47:45Z “Entering the euro was the cherry on the cake of European Union membership,” says Andreas Maniatis, 56, an unemployed builder who changed all his drachmas early on. Last Chance to Swap Those Drachmas! 2012-02-17T00:30:28Z Argentina never stopped using the peso, but Greece discarded the drachma. Free exchange: Latin lessons 2012-02-16T15:59:48Z That forces Greece to withdraw from the euro zone and return to its original currency, the drachma. What Happens If Greece Doesn?t Get a Bailout? 2012-02-16T10:15:58Z This is the most brutal solution, as far as the people are concerned… A much simpler solution would be to do away with the euro and return to the devalued drachma... Europe press alarm at Greece woes 2012-02-14T15:57:19Z One hundred and twenty thousand slaves were thus freed, the king paying for each 120 drachmas, or 30 shekels, the price of a slave according to the Mosaic Law. The Egypt of the Hebrews and Herodotos 2012-02-14T03:00:25.940Z Today he sees the perils of staying in the euro and switching to a new drachma as pretty much equal. Last Chance to Swap Those Drachmas! 2012-02-17T00:30:28Z To generate confidence in the drachma in the midst of a crisis would be very challenging. Free exchange: Latin lessons 2012-02-16T15:59:48Z I don't know what the solution is anymore — whether we should stick with the euro or return to the drachma — because both roads seem to lead to poverty. The Greeks Pass Austerity But Are They Being Priced Out of Their Lives? 2012-02-13T05:45:00Z Although the initial official exchange rate might be, say, one new drachma to one euro, economists expect a rapid devaluation of the new currency of 50% or more. What if Greece had to get a new currency? 2012-02-13T00:28:30Z Vicky Christopoulou, 35, the manager of a vegetarian restaurant near parliament, says she worries that "drachma politicians" would continue running the Greek economy like a patronage system for supporters. In Greece, the Growing Shadow of the Dreaded Drachma 2012-02-10T15:35:00Z On March 1 the Bank of Greece will stop exchanging drachma notes for euros. Last Chance to Swap Those Drachmas! 2012-02-17T00:30:28Z In the former capacity, he oversaw Greece's transition from the drachma to the euro in 2002. Greece country profile 2012-01-24T14:38:34Z A devaluation of the new drachma would make the economy instantly competitive, allowing it to eliminate its current account deficit. Eurozone crisis live: Greek bailout talks finally begin - Wednesday February 8 2012-02-08T18:06:00Z But how would, say, Greek citizens react to the prospect of their euro cash being overprinted into rapidly devaluing new drachmas? What if Greece had to get a new currency? 2012-02-13T00:28:30Z It's impossible to plan for the future when you don't know if Greece will default or be forced to leave the euro behind and go back to the drachma. Between Lots of Rocks and Hard Places: Greece's Bad Options 2012-02-07T10:20:00Z “The choice between new austerity measures with the euro and a default with the drachma is the same as choosing to be killed at five minutes to midnight or at midnight,” says Maniatis. Last Chance to Swap Those Drachmas! 2012-02-17T00:30:28Z "Going back to the drachma is not an option, it's disaster." Greek leaders face crunch talks, unions strike 2012-02-07T01:16:08Z However, 70% of those polled believe it would be a mistake to return to the drachma, suggesting that they still support membership of the eurozone. Eurozone crisis live: Greek bailout talks finally begin - Wednesday February 8 2012-02-08T18:06:00Z How would the Greek public deal with the prospect of reverting to the drachma? What if Greece had to get a new currency? 2012-02-13T00:28:30Z If we give up and go back to the drachma, will it be a new start? Between Lots of Rocks and Hard Places: Greece's Bad Options 2012-02-07T10:20:00Z No one was lining up with drachmas at the time. Last Chance to Swap Those Drachmas! 2012-02-17T00:30:28Z Notwithstanding the protests of the Jews, Bagoas penetrated into the temple, and imposed upon it a fine of 50 drachmas for every lamb sacrificed therein. The Old Testament In the Light of The Historical Records and Legends of Assyria and Babylonia 2012-02-02T03:04:35.567Z Some reckon the drachma may roll off the presses again. Greece and the euro: An economy crumbles 2012-01-26T16:02:59Z The drachma would plunge against the euro, the theory goes, and allow Greek products to compete on price with countries like Turkey. Hungary, Once a Star, Is Loses Its Shine 2012-01-16T20:24:53Z Lepton, lep′ton, n. the smallest of modern Greek coins, 100 to the drachma. Chambers's Twentieth Century Dictionary (part 2 of 4: E-M) 2012-01-11T03:00:23.770Z A return to the drachma, while good for foreign tour operators, would destroy Greek tourism. Drachma Threat Confronts Greeks as Nation Teeters on Precipice 2011-12-21T10:04:37Z Banks and investment funds in one euro-using country gorged on the bonds of others, freed of worry about devaluation-prone currencies like the drachma, lira, peseta and escudo. Ties That Bound Europe Now Fraying 2011-12-16T03:41:34Z Some reckon it would be easier for Greece to regain its edge by going back to the drachma and devaluing than by keeping the euro and suffering grinding wage deflation. Greece and the euro: An economy crumbles 2012-01-26T16:02:59Z Hence the gold daric was changed for ten silver staters or twenty silver drachmas. The History of Antiquity Vol. VI. (vol. VI. of VI.) 2011-12-15T03:00:18.317Z It raises questions about the potential consequences of a return to the drachma. As the Crisis Refuses to Calm, Scenarios of Euro Collapse Appear 2011-12-14T10:00:00Z 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. Wonkbook: The GOP's two conversations over taxes 2011-12-13T13:02:39Z “We should be under no false pretenses that we are not currently on the drachma train,” said Jason Manolopoulos, a Greek hedge fund executive and author of “Greece’s ‘Odious’ Debt.” A Greek What-If Draws Concern: Dropping the Euro 2011-12-12T18:48:24Z The Forty, who were appointed by lot, four for each of the ten tribes, acted as sole judges in petty cases where the damages claimed did not exceed ten drachmae. Encyclopaedia Britannica, 11th Edition, Volume 12, Slice 5 "Greek Law" to "Ground-Squirrel" 2011-12-05T03:00:51.527Z If Greece or Portugal went back to the drachma or the escudo, the cost of their exports would fall. It?s the Economy: Translating the European Financial Mess 2011-11-30T15:23:41Z In his estimation, a return to the drachma in euro zone minnow Greece was the least of his concerns. Insight: Euro zone contingency planning accelerates with crisis 2011-11-29T08:34:07Z In order to meet this expenditure a special fund has been instituted in addition to the ordinary military budget, and certain revenues have been assigned to it amounting to about 5,500,000 drachmae annually. Encyclopaedia Britannica, 11th Edition, Volume 12, Slice 4 "Grasshopper" to "Greek Language" 2011-11-28T03:00:19.517Z As the new currency inevitably lost value, new drachma accounts would remain frozen. A Greek What-If Draws Concern: Dropping the Euro 2011-12-12T18:48:24Z Or else the bes is divided into sixteen semunciae, of which each is divided into four drachmae, and each drachma into four pfennige. De Re Metallica, Translated from the First Latin Edition of 1556 2011-11-16T03:00:21.977Z Suppose a credible rumor spread throughout Greece that, rather than accept the harsh terms of another bailout package, the government was plotting to revert to the drachma. It?s the Economy: Translating the European Financial Mess 2011-11-30T15:23:41Z Papademos, who described his monetary strategy as “eclectic” in a 2001 interview with Institutional Investor magazine, stabilized the drachma and inflation in his early years at the Greek central bank. New Greek Premier Papademos Must Save Country’s Euro Membership 2011-11-10T13:19:02Z The monetary unit is the new drachma, equivalent to the franc, and divided into 440 100 lepta or centimes. Encyclopaedia Britannica, 11th Edition, Volume 12, Slice 4 "Grasshopper" to "Greek Language" 2011-11-28T03:00:19.517Z Most likely, he concludes, the result would be default as investors would not accept interest and principal payments in devalued drachmas. A Greek What-If Draws Concern: Dropping the Euro 2011-12-12T18:48:24Z Of these, the first and largest generally weighs one drachma, for it is necessary for us to weigh, not only ore, but also metals to be assayed, and smaller quantities of lead. De Re Metallica, Translated from the First Latin Edition of 1556 2011-11-16T03:00:21.977Z Now other people are demanding sometimes large amounts in euro banknotes, fearing that any bank savings might be converted into devalued new drachma if Greece is forced to revert to its national currency. Deal on Greek premier collapses, Papademos re-emerges 2011-11-10T03:30:53Z In March 1998, Greece devalued the drachma by 14 percent against a basket of European currencies to join the EU’s exchange-rate mechanism. New Greek Premier Papademos Must Save Country’s Euro Membership 2011-11-10T13:19:02Z Despite its huge defeat, our political system won't get serious at the time when the country is threatened with complete collapse, wavering between the euro and the drachma. Plan for technocrat to lead Greek unity government hits snag 2011-11-09T01:22:40Z The move panicked European leaders and even the Greeks themselves, who are now worried they will be forced to abandon the euro and revive their old currency, the drachma. The Greek Nationalist Who Delayed the Transition 2011-11-08T19:40:00Z The fourteenth is the last, for the proportionate weights which correspond with a drachma and half a drachma are not used. De Re Metallica, Translated from the First Latin Edition of 1556 2011-11-16T03:00:21.977Z Economists say the returning to the drachma would prompt a devaluation of as much as 50%. Travel Operator Sparks Greek-Currency Row 2011-11-07T19:40:17Z Elections at this moment risk electing a ’premier of the drachma’ and a Greece of the East and not the West.” Papandreou Races Toward Unity Government in Last-Ditch Talks 2011-11-06T20:06:01Z It could default on its debt and devalue its suddenly resurrected currency, the drachma. Why Not Give the Greeks Their Say? 2011-11-03T19:34:09Z Greece’s creditors don’t dare call his bluff because the extreme belt-tightening they want is so onerous that Greece might conclude it would be better off defaulting and going back to the drachma. Greece: Papandreou’s All-In Bet 2011-11-03T01:02:03Z Therefore, each centumpondium of this contains a third of a libra and a semi-uncia, a drachma, and the twenty-third part of a drachma of silver; from such copper it is profitable to separate the silver. De Re Metallica, Translated from the First Latin Edition of 1556 2011-11-16T03:00:21.977Z So now it’s time to ponder the once unthinkable: that might end its 10-year use of the euro and return to its former currency, the drachma. Plan to Leave Euro for Drachma Gains Support in Greece 2011-11-02T00:30:42Z In a referendum framed as “stay with the euro, or return to the drachma as an orphan state,” Greeks may very well choose the euro. Papandreou's Greek Bailout Referendum Surprise 2011-11-01T23:57:44Z But within the very shade of the Capitol, the slave girl was coined into drachmas. Lincoln, the Politician 2011-10-11T02:01:06.270Z There are no drachma notes floating around Athens or anywhere else. High & Low Finance: How Greece Could Escape the Euro 2011-10-06T22:17:53Z If there was a libra of silver, there must be six drachmae of lead. De Re Metallica, Translated from the First Latin Edition of 1556 2011-11-16T03:00:21.977Z A return to the drachma is unlikely to offer a quick cure for Greece’s ills. Plan to Leave Euro for Drachma Gains Support in Greece 2011-11-02T00:30:42Z One big reason is that companies with euro debts would be hard-pressed to pay them back with a deeply devalued drachma, and would face bankruptcy. A Road Map to a Prepackaged, Orderly Greek Default: View 2011-09-28T00:22:03Z Analysts also say the seriousness of the crisis will depend on whether Greece stays within the euro common-currency zone or is forced to leave it, and return to the drachma as its currency. News Analysis: As Greece Struggles, the World Imagines a Default 2011-09-20T01:21:46Z If the drachma suddenly became the legal currency again, currency would be needed. High & Low Finance: How Greece Could Escape the Euro 2011-10-06T22:17:53Z If it is thoroughly purified it is very white, and in a bes there is only a drachma of impurities. De Re Metallica, Translated from the First Latin Edition of 1556 2011-11-16T03:00:21.977Z But drachma defenders contend that these worst fears are overdone. Plan to Leave Euro for Drachma Gains Support in Greece 2011-11-02T00:30:42Z Economists reckon that a reintroduced Greek drachma, for example, would be worth only half as much as a euro. Exit the Euro Zone? Think Before You Leap 2011-09-15T03:05:08Z People “are now afraid of the possibility of returning to the drachma,” said Giannoulis, referring to the Greek currency in circulation before the country adopted the euro in 2001. Deposit Flight From European Banks Means Risk Piling Up at ECB 2011-09-13T23:26:07Z So if you owned one million euros in Greek bonds, they would be converted to bonds with a face value of 340.75 million drachma. High & Low Finance: How Greece Could Escape the Euro 2011-10-06T22:17:53Z In this way half a drachma of silver is made. De Re Metallica, Translated from the First Latin Edition of 1556 2011-11-16T03:00:21.977Z According to a recent poll in the Greek newspaper Kathimerini, 66 percent of Greeks believe that returning to the drachma would be bad. Plan to Leave Euro for Drachma Gains Support in Greece 2011-11-02T00:30:42Z Der Spiegel magazine reported that German finance ministry officials were preparing for the possibility of a default by Greece and working through scenarios including the reintroduction of the drachma. Merkel allies break taboo with Greek default talk 2011-09-11T16:05:57Z Has anybody such a thing as half a drachma about him?' The Black Poodle And Other Tales 2011-08-30T02:00:37.963Z Of course the drachma would soon be worth a lot less — perhaps a rate of 1,000 to the euro. High & Low Finance: How Greece Could Escape the Euro 2011-10-06T22:17:53Z To this copper is added eight centumpondia of poor argentiferous lead, each centumpondium of which contains an uncia and a drachma of silver, or a total of three-quarters of a libra of silver. De Re Metallica, Translated from the First Latin Edition of 1556 2011-11-16T03:00:21.977Z Or, he continued, does Greece return to the drachma? Plan to Leave Euro for Drachma Gains Support in Greece 2011-11-02T00:30:42Z Their early importance is attested by the law of Solon which bestowed a reward of 100 drachmae on every Athenian who gained a victory. Encyclopaedia Britannica, 11th Edition, Volume 11, Slice 4 "G" to "Gaskell, Elizabeth" 2011-08-24T02:00:20.690Z I ended up with 2 belts, one reduced from 120 drachmas to 110, and the other to 100. Through these Eyes The courageous struggle to find meaning in a life stressed with cancer 2011-08-14T02:00:18.947Z Greek bonds already trade for less than 40 percent of face value, so it is possible that their actual value might not decline all that much, assuming investors believed the drachma would be repaid. High & Low Finance: How Greece Could Escape the Euro 2011-10-06T22:17:53Z “It would be costly, but at least with the drachma we would be able to control our own currency and our own future.” Greece Feels Push Toward Euro Exit 2011-08-10T19:39:26Z Mr. Mariolis estimated that a 50 percent devaluation of the new drachma would soon erase this competitiveness gap. Plan to Leave Euro for Drachma Gains Support in Greece 2011-11-02T00:30:42Z No one wants the drachma back, because as hard as it is now, life would be impossible with a worthless currency. Readers react: living through the Greek financial crisis 2011-08-04T13:20:06Z Then Mom paid Tasos 1000 drachma for taking us. . . it ended up being a rather expensive day. Through these Eyes The courageous struggle to find meaning in a life stressed with cancer 2011-08-14T02:00:18.947Z Owing euros to depositors, and getting devalued drachmas, or lira, or escudos or pesetas from borrowers is one way to make capital vanish. High & Low Finance: How Greece Could Escape the Euro 2011-10-06T22:17:53Z As plumes of tear gas bathed the streets of Athens in June, for example, many protesters volunteered that they wanted the drachma back. Greece Feels Push Toward Euro Exit 2011-08-10T19:39:26Z But concerning the boiling of the small polypus, Alexis, in his Wicked Woman, introduces a cook speaking as follows— Now these three cuttle-fish I have just bought For one small drachma. The Deipnosophists, or Banquet of the Learned of Athen?us 2011-08-02T02:00:21.843Z No political party advocates going back to the drachma and at the moment there is no such movement. Readers react: living through the Greek financial crisis 2011-08-04T13:20:06Z How long will it be until the printing presses in Athens roll again printing drachma? Greek rating cut in default alert 2011-07-25T06:35:45Z You just need everyone in Greece to start taking seriously the idea that their euros are about to turn into drachmas, and start hoarding euros or opening foreign bank accounts. Cracks in the currency 2011-07-19T13:12:34Z A return to the drachma is advocated by academics, including Harvard University professor Martin Feldstein and Nobel Laureate Paul Krugman, as the best way to restore competitiveness. Ditching Euro No Option for Greeks Enduring History of Hardship 2011-07-17T21:42:27Z For, as to the gods,— Those we gain over by our prayers alone; But as for eels, without you spend at least Twelve drachmas you can scarce get leave to smell them. The Deipnosophists, or Banquet of the Learned of Athen?us 2011-08-02T02:00:21.843Z He reckons Greece should walk away from its debt and go back to the drachma because Papandreou is “selling out” to foreign interests. Greek ‘Indignants’ Face Down Politicians They Blame for Plight 2011-06-28T21:58:59Z This is a tourist country and it would do better on a weaker currency like the drachma. Greece strikes: Your views 2011-06-28T14:25:43Z The drachma would no doubt plunge in value against the euro and other currencies. Greek tragedy 2011-06-20T22:55:44Z It would certainly not solve the debt problem because Greece’s debts are denominated in euros, not drachmas. Ditching Euro No Option for Greeks Enduring History of Hardship 2011-07-17T21:42:27Z B. I bought a roast fish for a drachma. The Deipnosophists, or Banquet of the Learned of Athen?us 2011-08-02T02:00:21.843Z He reckons Greece is going to default and the EU should forced it to return to its own currency - or in his words to "remake a drachma out of this crisis". Newspaper review 2011-06-20T04:30:41Z I believe it would be a good thing to exit the EU/IMF memorandum and return to the drachma. Greek PM to name new cabinet as public seethes 2011-06-17T04:28:51Z I cannot hide a mirror under my eyelid, like a drachma. Ancient Manners Also Known As Aphrodite 2011-06-13T02:00:23.863Z A “vicious circle” of drachma devaluations and inflation in the 1980s “not only failed to improve competitiveness but also eroded the value of peoples’ savings,” she said. Ditching Euro No Option for Greeks Enduring History of Hardship 2011-07-17T21:42:27Z Menander, in his Ephesians, says— A. There was a fishmonger not long ago, Who asked four whole drachmas for his tench. The Deipnosophists, or Banquet of the Learned of Athen?us 2011-08-02T02:00:21.843Z However, engineering a devaluation by resurrecting the drachma would massively increase the burden of its debt which would remain denominated in euros. Greece nears IMF/EU deal, dismisses drachma talk 2011-06-01T10:51:57Z We either agree with our creditors on a program of tough sacrifices that brings results, and assume the responsibilities for our past, or we return to the drachma,” she said. Greece Strives for Consensus on New Austerity Package 2011-05-27T12:35:07Z "Either we agree with our lenders to a programme of tough sacrifices ... or we return to the drachma." EU's Damanaki tells Greece euro membership at risk 2011-05-25T13:25:46Z “The drachma symbolized a different country, a Balkan country,” Kleidis said in an interview at his restaurant. Ditching Euro No Option for Greeks Enduring History of Hardship 2011-07-17T21:42:27Z I found a man, An honest fishmonger of pickled fish, Of whom I bought a huge fish ready scaled, Cheap at a drachma, for two oboli. The Deipnosophists, or Banquet of the Learned of Athen?us 2011-08-02T02:00:21.843Z With Athens fighting to avoid defaulting on its debt, the country's central bank chief dismissed as "improbable and ridiculous" any suggestion that Greece might ditch the euro and return to its drachma national currency. Greece nears IMF/EU deal, dismisses drachma talk 2011-06-01T10:51:57Z In Italy the equivalent is the lira, and in Greece the drachma. Encyclopaedia Britannica, 11th Edition, Volume 10, Slice 7 "Fox, George" to "France" 2011-05-15T02:00:07.897Z The German government denied there were discussions on Greece’s return to the drachma. Merkel Resists Pressure on New Aid for Greece 2011-05-10T16:23:54Z “A solution outside the euro and return to the drachma in the current conditions is catastrophic,” said Aleka Papariga, leader of the Greek Communist Party, during an interview in May on Antenna TV. Ditching Euro No Option for Greeks Enduring History of Hardship 2011-07-17T21:42:27Z But if I feel a pain within my stomach, Or round about my navel, why I have A ring I lately gave a drachma for To a most skilful doctor. The Deipnosophists, or Banquet of the Learned of Athen?us 2011-08-02T02:00:21.843Z Greece became the 12th country to join the single currency when it ditched its own currency, the drachma, in 2002. Euro falls on Greece exit rumours 2011-05-07T09:17:25Z The franc is divided into 100 centimes, the lira into 100 centesimi and the drachma into 100 lepta. Encyclopaedia Britannica, 11th Edition, Volume 10, Slice 7 "Fox, George" to "France" 2011-05-15T02:00:07.897Z The euro tumbled the most in a year that day after Spiegel magazine reported that Greece was considering to leave the euro area and return to the drachma. Merkel Allies Signal Germany Backs Off Greek Restructuring Push 2011-05-10T06:02:47Z A May 22 survey by Public Issue showed that two-thirds of Greeks rejected the idea of abandoning the euro and only 16 percent were in favor of returning to the drachma. Ditching Euro No Option for Greeks Enduring History of Hardship 2011-07-17T21:42:27Z And Eupolis, in his Flatterers, says— I spent a hundred drachmas upon fish, And only got eight pike, and twelve chrysophryes. The Deipnosophists, or Banquet of the Learned of Athen?us 2011-08-02T02:00:21.843Z Spiegel magazine reported that Greece was considering a return to the drachma. Greek Bonds Decline as Default-Insurance Cost Climbs to Record 2011-05-09T11:26:03Z The monetary unit of modern Greece is also called a drachma. The New Gresham Encyclopedia Volume 4, Part 1: Deposition to Eberswalde 2011-04-14T02:00:57.977Z Absolution for one who has revealed another's confession, seven drachmas. A Philosophical Dictionary, Volume 10 (of 10) From "The Works of Voltaire - A Contemporary Version" 2011-03-31T02:00:21.443Z They wish to force his holiness, Rameses XIII., to deprive laborers of a barley cake a day, and to impose new taxes on the people, a drachma each man. The Pharaoh and the Priest An Historical Novel of Ancient Egypt 2011-03-08T03:00:42.177Z He appointed a reward of 500 drachmas, then a very large sum, for victors at Olympia, 100 for those at the Isthmus, and for the others in proportion. Rambles and Studies in Greece 2011-02-18T03:00:16.480Z Greece ... has for its monetary unit the drachma, equal to $0.193. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z Though all his life handling the public funds and increasing the wealth of the state, it is said that he added not one drachma to his own estate. Greek Sculpture A collection of sixteen pictures of Greek marbles with introduction and interpretation 2011-01-05T03:01:01.227Z To give some idea of these taxes, we will here copy a few articles from the chapter of absolutions: Absolution for one who has carnally known his mother, his sister, etc., costs five drachmas. A Philosophical Dictionary, Volume 10 (of 10) From "The Works of Voltaire - A Contemporary Version" 2011-03-31T02:00:21.443Z To-day in that same district, though the people have decreased, there are more than two hundred officials who receive two thousand five hundred drachmas yearly. The Pharaoh and the Priest An Historical Novel of Ancient Egypt 2011-03-08T03:00:42.177Z The bargain was eight drachmas per day for each animal; a native, or very experienced traveller, could have got them for five to six drachmas. Rambles and Studies in Greece 2011-02-18T03:00:16.480Z It may not by itself undermine the euro or the European Union, although we may need to re-learn how to spell drachma. Still value in the UK market despite global troubles, says fund manager 2010-11-24T09:54:00Z Even so, it was simpler than introducing a "new drachma" would be for, say, Greece. Argentina's warning to the eurozone 2010-08-09T17:00:00Z Absolution for one who has killed his father, his mother, etc., five drachmas. A Philosophical Dictionary, Volume 10 (of 10) From "The Works of Voltaire - A Contemporary Version" 2011-03-31T02:00:21.443Z “Give it for half a drachma a goblet, and we will taste it,” said one of the merchants. The Pharaoh and the Priest An Historical Novel of Ancient Egypt 2011-03-08T03:00:42.177Z Some economists consider it obvious that the currency union will not survive in its present form, that one or more southern European nations will end up reverting to liras, pesetas and drachmas. European Central Bank faces threat to euro and unity 2010-06-24T04:00:00Z A stalled economic future means more than a crumpled drachma back in your pocket. A return to old Europe 2010-06-13T19:00:00Z Why should Italian olive oil producers allow Greek olive oil exporters to gain an enormous advantage by switching from the expensive euro back to the cheap drachma? Greece: Germany's Election Complicates a Rescue 2010-05-15T01:35:00Z And in Aachen the next day, Merkel started talking about "the pound, the deutschmark, the franc, and the drachma". How the euro ? and the EU ? teetered on the brink of collapse 2010-05-14T18:39:00Z Dost thou know that this acquaintance will cost thee two hundred drachmas, perhaps three hundred, not counting that which thou must give the servants and the sanctuary. The Pharaoh and the Priest An Historical Novel of Ancient Egypt 2011-03-08T03:00:42.177Z One man shouted: "Give the Greeks their drachma back." Angry voters 2010-05-07T12:48:00Z But if Greece defaults, devalues, or the drachma replaces the euro, the consequences will be felt in Britain. We ignore foreign policy at our peril 2010-05-04T08:00:00Z This would mean abandoning the euro, introducing a "new drachma" and probably devaluing by 50% or more. Greece still has a choice 2010-05-02T19:00:00Z Go play with your drachmas and don't call us again until you've balanced your budget. Ode on a Grecian bailout 2010-04-29T22:30:00Z The worthy Dagon will not only forgive thee the rent, but will pay thee a drachma a year for each boy.’” The Pharaoh and the Priest An Historical Novel of Ancient Egypt 2011-03-08T03:00:42.177Z It is hard to imagine it would restore the drachma with so many corporate and household debts still denominated in euros. Greece debt crisis FAQ 2010-04-28T18:49:00Z Why should Italian olive oil exporters who have to price in euros not demand protection against Greek olive oil exporters if they export in a devalued drachma? We ignore foreign policy at our peril 2010-05-04T08:00:00Z The drachma would plunge in value, and Greece would instantly regain its competitiveness on international markets. News Analysis: For Greece, Restructuring Is No Longer Unthinkable 2010-04-25T19:10:00Z Outside the eurozone, Athens would have approached IMF for help long ago and devalued its drachma. The eurozone: A club in crisis | Editorial 2010-03-27T00:12:00Z “Perhaps it would be better if he paid a line,—an uten or a drachma, whatever is commanded, worthiness,” said the chief steward. The Pharaoh and the Priest An Historical Novel of Ancient Egypt 2011-03-08T03:00:42.177Z Were the Club Med countries to return to the drachma, peseta and escudo, the financial markets would immediately send those currencies plunging. Germany must help, not punish, Greece | George Irvin 2010-03-26T16:00:00Z And there's a perpetrator, the Greek government, which knew its finances were too shaky to ditch its currency, the drachma. Gilbert: In Defense of Goldman. Really 2010-03-04T04:05:00Z Greeks and Spaniards want German goods and don't have to pay in devalued drachmas and pesos to get them. Merkel: She's Got the Whole Euro in Her Hands 2010-02-18T04:31:00Z Greece switched to the euro from its own currency, the drachma, in 2001. 2010-02-13T05:00:00Z Then in 2002, the drachma exited the currency stage, giving way to the euro. 2010-02-12T21:50:00Z This Mediterranean country dumped its own currency, the drachma, in 2001 in favor of the European Union's new currency, the euro. 2010-02-10T05:00:00Z A Christian artisan, who was made to pay four drachmas a day for taxes in Kufa, journeyed to Medina to plead for remission before Omar in person. The Formation of Christendom, Volume VII In a Feb. 17 column in The Financial Times, Harvard University economist Martin Feldstein called for temporarily bringing back the drachma, letting Greece float its currency and set its own debt and interest-rate policies. Merkel: She's Got the Whole Euro in Her Hands 2010-02-18T04:31:00Z Here the traveller's pocket is a medley of francs, lire, crowns, piastres, drachmas, marks, and American coins of various denominations. The Ship Dwellers A Story of a Happy Cruise As symbols of office they wore wreaths; they received payment originally at the rate of one drachma a day,1 at the end of the 4th century of five obols a day. Encyclopaedia Britannica, 11th Edition, Volume 4, Slice 3 "Borgia, Lucrezia" to "Bradford, John" There she sold to a jeweller for three drachmas and one dinar her only valuable,—her earrings for festal days; of silver, in the form of rings, each with a little golden star. Sulamith: A Romance of Antiquity "Fifteen hundred drachma a month for that, and he says he lose money on the job." Command Five founder's shares of a thousand drachmas each in the preliminary company, convertible into preferred stock in the big concern and ten thousand drachmas a year salary. Captain Macedoine's Daughter Ten thousand drachmas, a fictitious unit of currency established by foxy old Mammon, was the flat fee for use of the road. Satan and the Comrades “Eight drachmas,” he said apologetically, “or, in your money, one dollar and fifty-two cents.” With the French in France and Salonika In a good locality an expert diver may bring up fifty okes in a day, and for each oke he obtains about twenty-five drachmas. Harper's New Monthly Magazine, Volume 1, No. 3, August, 1850. "I can fix you for four hundred drachma a month." Command Then, when the big company's formed, he takes up shares in that, and is voted a salary of twenty thousand drachmas a year as financial adviser. Captain Macedoine's Daughter The Babylonish talent, according to Pollux in his Onomasticon, contained seven thousand Attic drachmas, and consequently was a sixth part more than the Attic talent, which contains but six thousand drachmas. The Ancient History of the Egyptians, Carthaginians, Assyrians, Babylonians, Medes and Persians, Macedonians and Grecians (Vol. 1 of 6) The lucky ones in the front-row seats call back: “A hundred and eighteen drachmas.” With the French in France and Salonika Then it was, for instance, that during the wars of Lucullus, a slave cost only four drachmas. Principles Of Political Economy The Government proposed to authorize an issue of half a million drachma to a duly constituted syndicate. Command He says the skipper of that Swedish ship that's on the same charter as us is putting three hundred into it—seven thousand five hundred drachmas.' Captain Macedoine's Daughter Those who possessed so many drachmas were to be electors. The Cult of Incompetence “He is too lazy to walk two miles for a drachma.” With the French in France and Salonika In Athens, for instance, the medimnos of wheat cost ordinarily five drachmas, but during the siege by Sulla it rose to 1000 drachmas. Principles Of Political Economy He offered to buy it, spot cash, for a thousand drachma, about one sixth of its actual value. Command He made an assessment of the landed property of all the citizens, taking as the medium a standard of value which was equivalent to a drachma of annual produce. Ancient States and Empires The result was that the poorest citizens sat judging all day long, as all others were unwilling to sacrifice their whole time for a payment of six drachmas. The Cult of Incompetence What he wanted was the song only, and for that he would not take a thousand drachmas. Saronia A Romance of Ancient Ephesus He thus obtained a money value down in return for his property, but bound himself and his descendants to an annual rent of so many drachmae, to form part of the revenues of the god. On The Structure of Greek Tribal Society: An Essay "Seven hundred drachma a month I pay him, and he says it's not enough." Command He then demanded ten million drachmas, promised by the late king, and summoned the contending sovereigns to his camp. Ancient States and Empires During his administration the measures were made larger than those of Pheidon, and the mina, which previously had a standard of seventy drachmas, was raised to the full hundred. The Athenian Constitution The old silver drachmas were replaced by new drachmas, of which seventy-three equalled one hundred of the old. Historic Tales, vol 10 (of 15) The Romance of Reality It is a piece of money which is worth from seven to eight drachmas—not more. The Temptation of St. Antony or A Revelation of the Soul "I would have given a thousand drachma to have got to the train," said the girl moodily. Command Socrates: Most excellent Meletus, everyone knows that Anaxagoras says so; you can buy that information for a drachma! The World's Greatest Books — Volume 14 — Philosophy and Economics The guardians receive from the state a drachma apiece for their keep, and the youths four obols apiece. The Athenian Constitution For since they draw their support and make gain from what these have written, they confess themselves most sordidly greedy of gain, willing to do anything for a few drachmas. A Source Book for Ancient Church History "All this seems very gladsome," interrupted Ramses, smiling; "but it brings not one drachma." The Pharaoh and the Priest An Historical Novel of Ancient Egypt The public treasury gave a drachma a day to each sailor, and furnished empty hulls for sixty swift sailing vessels, and for forty transports carrying hoplites. The Best of the World's Classics, Restricted to prose. Volume I (of X) - Greece Half a silver shekel was a drachma, and this was therefore the true ancestor of our shilling. India: What can it teach us? A Course of Lectures Delivered before the University Of Cambridge Those in which the sum concerned is not more than ten drachmas they can decide summarily, but all above that amount they bring into the law-courts as 'monthly' cases. The Athenian Constitution A dowry or meher must be paid to the wife, which under the law must not be less than ten silver dirhams or drachmas; but it is customary to fix it at Rs. The Tribes and Castes of the Central Provinces of India—Volume I (of IV) "Give it for half a drachma a goblet, and we will taste it," said one of the merchants. The Pharaoh and the Priest An Historical Novel of Ancient Egypt Do you wish to hang yourself to cheat me out of my drachma? History of English Humour, Vol. 1 With an Introduction upon Ancient Humour The drachma was the principal silver coin among the Greeks, containing sixty-six grains of pure metal, worth about seventeen and a half cents. The Bay State Monthly, Volume 3, No. 2 They have full powers to decide cases in which the amount at issue does not exceed ten drachmas, but anything beyond that value they hand over to the Arbitrators. The Athenian Constitution During the war against Mithradates Sulla lodged his men with the rich inhabitants of Asia; they lived as they chose, they and their friends, receiving each sixteen drachmas a day. History Of Ancient Civilization They wish to force his holiness, Ramses XIII, to deprive laborers of a barley cake a day, and to impose new taxes on the people, a drachma each man. The Pharaoh and the Priest An Historical Novel of Ancient Egypt All persons in the state whose annual income amounted to less than two hundred medimni or drachmas were placed in the fourth class, and they must have constituted the large majority of the community. The Great Events by Famous Historians, Volume 01 "A thousand drachmas to the man who brings the middle Roman down!" A Friend of Caesar A Tale of the Fall of the Roman Republic. Time, 50-47 B.C. First the members of the Assembly receive a drachma for the ordinary meetings, and nine obols for the 'sovereign' meeting. The Athenian Constitution By heaven, I had rather coin my heart, And drop my blood for drachmas, than to wring From the hard hands of peasants their vile trash, By any indirection. Handy Dictionary of Poetical Quotations What warrior," continued Sem, "would not desire war and covet a thousand drachmas, or even a greater sum? The Pharaoh and the Priest An Historical Novel of Ancient Egypt |
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