I very much doubt that they have money or resources to mint new coins and print new notes so they will probably stamp drachma denominations on greek euro notes or they will take another loan...
With a somewhat more than average left-handed government I think they might chage the designs to a more socialist ones. If it was a mild hard right-handed one the president would surely put his face on the new coins.
Numista referee for the "Viceroyalty of the New Spain" (most of it).
History through coins.
Eli V
I would be very surprised if they leave euro currency or union.
It is too expensive for both sides and also, they really have no plan to do so.
They will negotiate another loan on other terms and the show will go on.
This vote is a warning to Germany that austerity and prudential monetary policies don't work with southern europeans. This culture clash can only lead to devaluation to keep the EMU together (think of how many hundreds of billions in writedowns or printed money is needed to make those public debts sustainable again) or Germany needs to make a choice and leave the Euro itself. The only monetary union that would work on Germany's terms would be with the Austrians, Dutch and Danish, and perhaps even Polish and Baltics. Even the Swedes prefer devaluations over austerity, and so do the Finns.
I very much doubt it. We got the euro…. If we leave the euro zone i think greece will face again an economic crisis. But they really cool maybe we could ad them to the national side of the Euro.🪙
I very much doubt it. We got the euro…. If we leave the euro zone i think greece will face again an economic crisis. But they really cool maybe we could ad them to the national side of the Euro.🪙
Greece = the Zimbabwe of southern Europe!
That is what happens when politicians think about themselves instead of serving the people of Greece!
If King Constantine II had not been deposed from his throne, then Greece would have been in a better economic state than it has been for many years.
