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drachma

Did Greece's SYRIZA Government Ask Russia to Print Drachmas in 2015?

A bombshell revelation from a French book, claiming that the SYRIZA government asked Russia to print drachmas in order to replace the euro in 2015 has opened a new round of political controversy in Greece. The claim, made in the...

Tsipras-Mitsotakis Cross Swords in Greek Parliament Over Crime, Bailout Review, Drachma

New Democracy chief Kyriakos Mitsotakis and Alexis Tsipras exchanged accusations over crime, bailout program and Grexit in Greek Parliament on Friday during the "Hour of the prime minister" session. The opposition leader talked about a rise in crime rates and...

SYRIZA MP Comment on Grexit Generates Reaction From Opposition

A comment about Greece returning to the drachma made by SYRIZA MP Nikos Xydakis generated reactions from opposition parties, even though he played down his statement later on Tuesday. Xydakis spoke on Skai television on Tuesday morning saying that the...

Plan B Causes Uproar: Did Tsipras-Varoufakis Work With Galbraith for Grexit?

A political storm was fueled a year after the Greek referendum with the release of American economist James Galbraith's book about Plan B for Greece drafted by former finance minister Yanis Varoufakis. The book, titled "Welcome to the Poison...

Greece's History of Loans Since 1824

Greece has been in the center of international attention since 2008 due to the financial crisis that broke in the country. However, this is not the first time Greece has faced severe financial problems or even come face to face...

Spanish Artists Send Message to Greeks

Spanish art collective Luzinterruptus was inspired by the recent Greek referendum results, where the people said a big "No" to the measures proposed by Greece’s creditors. Furthermore, it drew inspiration from the Greek government recently revealing the existence of a...

Greek Deputy Citizen Protection Minister: Varoufakis Undermines Democracy

Greek Deputy Citizen Protection Minister Yiannis Panousis said that the secret plans former Finance Minister Yanis Varoufakis had to return Greece to the drachma "undermine democracy" and that Prime Minister Alexis Tsipras will hardly contain the extremist dissidents within his...

German Media: SYRIZA Members Worked on Drachma 'Coup' Since May 2014

Greece's former Energy and Finance Ministers worked secretly on schemes to return to the drachma, according to two German media. Spiegel Online featured an article about the reactions of Greek opposition parties to the alleged scheme by former Finance Minister...

Varoufakis' Approved Plan B Included Hacking and Hijacking

Wiretapped tax identification numbers, hacking, secret accounts for each Greek taxpayer and banks that could operate with euros but instantly change to a drachma-based system were just some of the surreal proposals included in former Greek Finance Minister Yanis...

Ernst & Young: 'No Alternative to the Euro for Greece'

Ernst & Young in collaboration with Oxford Economics published a study, predicting that the impact of a Grexit on the Greek economy would be devastating, even in the case of a coordinate exit from the euro area. According to research...