Lafazanis, leader of a hardline faction in the ruling Syriza party that has argued for a return to the
drachma, said the move would have allowed pensions and public sector wages to be paid if Greece were forced out of the euro.
Athens' failure to reach an agreement with its international creditors on a new bailout program before the previous aid package expired on June 30 fueled speculation that the country might leave the Eurozone and return to the
drachma.
There are growing fears of a run on Greek banks as the public scrambles to get euro out in case a hasty return to the
drachma wipes out their savings.
The
drachma coins bear the same images as the tetra
drachma, with "Alexander" inscribed on 100 of them and "Philip" on 15 of them.
Here, Elter had concerns about the cost risk associated with the large dollar and foreign currency expenditures needed to perform a contract with the price stated in
drachmas.
When I go through my old lira, pesetas, francs and
drachma, I am reminded of the true meaning of being "in the Navy," and seeing something unique outside the United States.
On a larger scale, twenty-seven silver water-jars whose weights hover around 1,000
drachmas each, weighed in total exactly 4.
The 12 national currencies being replaced by the euro from January 1 are the French franc, German mark, Spanish peseta, Dutch guilder, Italian lira, Greek
drachma, Irish punt, Austrian schilling, Portuguese escudo, Belgian franc, Luxembourg franc, and Finnish markka.
MILLIONS of people across Britain may not realise that francs, pesetas,
drachmas and lire they have stored away after holidays and business trips are about to become worthless, the Government has warned.
Spanish pesetas, Greek
drachmas and US dollars are the three currencies most likely to be left unchanged after a holiday abroad.
Hochtief, which refuses to budge on this issue, is asking for a 3% cut of all domestic ticket fares, equivalent to 4,000
drachmas on a local return ticket.
Our budget is also down to 2 billion
drachmas ($7 million).
