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Who, What, Why: How would Greece switch currencies?
Political change within days in Greece may mean the country has to ultimately leave the euro. If that was to happen, how would they go about introducing a new currency? Greek voters could this week hand power to anti-austerity parties who want to scrap the bailout, the deal that qualifies Greece for vital eurozone funds. This would bring the country a step closer to a possible exit from the euro. So how could a new currency like the drachma be (re)introduced? A new government would have to produce enough new notes to replace those currently in use in Greece while also doing their best to prevent a run on the banks. ... (full story)
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