7、ICAP executives say their drachma project could be used as a roadmap for how to prepare for an outcome involving multiple currencies exiting the euro.
2、The word "dram" translates into English as "money", and is cognate with the Greek drachma.
6、The existence of the euro means that there are no George Soros-type speculators able to organise runs on the lira, peseta or drachma.
3、The new drachma would plummet, making Greece’s debt burden even more onerous.
9、If Greece had got into trouble outside the euro, the drachma would have fallen, creating an external offsetting boost to the economy by making exports cheaper and curbing imports.
8、If Greece were to break with its would-be saviours and launch a new drachma, local Banks would be besieged by panicked depositors and the army would have to keep order.
1、The drachma disappeared, replaced by the euro when Greece joined the single European currency.
5、Depositors would rush to pull their money out of Greek Banks to protect their savings from being converted into new drachma.
4、Even returning to the drachma could cause severe disruptions and even more money will flee the country.
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