Greece
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drachma

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...

Kremlin Denies Greece Asked Russia for Financial Aid to Print Own Currency

Greece never asked Russia for financial assistance in order to print its own currency, Kremlin spokesman Dmitry Peskov said on Wednesday, according to Sputnik. "The President has already said, and the Minister has said, and we have repeatedly said on various levels...

Greek PM Tsipras Allegedly Asked Russia for $10 Bln to Print Drachmas

Greek Prime Minister Alexis Tsipras has asked Russian President Vladimir Putin for 10 billion dollars in order to print drachmas, according to newspaper "To Vima." The newspaper report cited Tsipras saying in his last major interview to Greek national broadcaster ERT that "in order for...

The End of ‘Anti-Memorandum’ Politics in Greece

They called it deal, agreement, treaty, honest compromise, bailout. They dressed it up with fancy words like “social justice,” “fair taxation,” “growth prospect,” “debt haircut.” What they never called it was what it truly was: a Memorandum of Understanding....

Greece's Five Currency Options

At this crucial crossroads for the Greek economy and Greece, there are five currency options in case the country ends up leaving the common currency bloc, according to a CNBC analysis written by Kalyeena Makortoff. Keep the euro  Greece could unilaterally...

The Third Way after NO Vote: How Greece Can End Austerity and Stay in the Eurozone

After Greece's big fat NO to the latest bailout deal, an economist argues that there is a third way out of the Greek disaster, and towards job creation, prosperity and debt repayment.

Thousands of Greeks Demonstrate Saying 'Yes' to Europe

Thousands of Greeks protested in front of the Greek Parliament asking to stay in the European Union and the euro. The mayors of Athens and Thessaloniki delivered speeches and demonstrated for Europe. Despite the early drizzle that developed to a hard rain,...

Only God Can Save Greece…

If you want to be executed vote YES, if you would rather commit suicide vote NO: Greece Referendum

Why Did Tsipras Call for a Referendum in Greece and Why 'No' Equals Grexit

Prime Minister of Greece Alexis Tsipras announced today a referendum on whether Greeks should accept the take-it-or-leave it proposal by the ECB, IMF and European Commission. In his speech he accused the European institutions “of issuing a blackmailing ultimatum”. To...