Posts Tagged ‘drachma’

  • euro zone map

    A New Greek (Economic) Fuel: Olive Oil

    Oct 26, 12 • 1237 Views • No Comments

    The Greek government needs its newest bailout infusion. But in return, austerity would include (among many other requirements) cutting certain civil servants’ salaries by as much as 35%, raising the retirement age again but this time to 67, and...  [read more]

  • How much should cities plan for the storm of the century?

    Greek Banks and the “Perfect Financial Storm”

    Jun 8, 12 • 273 Views • No Comments

    Like New York’s Knickerbocker Bank in 1907 or Jimmy Stewart’s 1930s bank in It’s a Wonderful Life, the ingredients of a classic run include distraught depositors and rumors of a bank’s imminent demise. Lines are long, emotions are...  [read more]

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    A Tale of Two Euro Zone Countries

    Sep 14, 11 • 288 Views • No Comments

    Saying, “It is a small step for the euro zone and a big step for Estonia…” the Estonian prime minister celebrated his country’s formal entry into the Western economic world. On January 1, 2011, Estonia switched from the kroon to the...  [read more]

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    A New Drachma?

    Jun 23, 11 • 279 Views • No Comments

    According to a 2002 BBC report, Greece was the least prepared to make the switch to the euro in 2002. During the transition only 1/6 of all businesses in Greece had received their euros. Now, Greece remains a dysfunctional euro nation. Can it leave? Not...  [read more]