Drachma - LinkTV World News

Drachma

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Drachma, pl. drachmae or drachmas was the currency used in Greece during several periods in its history: ⁕An ancient Greek currency unit found in many Greek city states from Classical times on, as well as in many of Alexander's successor states and South-West Asian kingdoms during the Hellenistic era. ⁕Three modern Greek currencies, the first introduced in 1832 and the last replaced by the euro in 2001. The euro did not begin circulating until 2002 but the exchange rate was fixed on 19 June 2000, with legal introduction of the euro taking place in January 2002. It was also a small weight unit. (via Freebase)

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3:21

Russia Today | Sep 10, 2012

Greek Prime Minister Antonis Samaras is trying to push a new round of austerity measures through parliament in order to obtain a vital new cash injection from the EU. But obtaining consensus on where the latest painful cuts should come from is far...

2:50

Voice of America | Aug 29, 2012

While the world's attention was diverted by the Olympics, the war in Syria, and other news over the summer, Europe's economic crisis has continued to fester. VOA's Al Pessin reports that some experts say the situation is getting worse and requir...

3:20

Council on Foreign Relations | Jun 14, 2012

Ahead of parliamentary elections in Greece on June 17, the Council on Foreign Relation's Sebastian Mallaby highlights three ramifications of a potential subsequent Greek exit from the euro: How will a Greek exit impact Greece? What will a Greek ex...

1:02

Euronews | Jun 13, 2012

It is arguably one of the largest bank raids in the history of Greece. Analysts say up to 800 million euros (USD$1bn) are being taken from the country's banks on a daily basis. From cash machines accounts have been slowly drained as people react...

2:48

VOA News | May 31, 2012

The European Central Bank has asked financial institutions across Europe to stand behind their struggling counterparts in Greece, Spain, and other countries caught in the euro debt crisis. Banks have an incentive to support their rivals. But wil...

Articles Around the Web

www.ritholtz.com

— May 29, 2012 at 11:00 pm

Radio New Zealand

— about 15 hours ago

...Plan B leader Alekos Alavanos said in Athens that Greece could not emerge from recession as long as it was locked into a common currency. Mr Ala...