Will the Euro fragment into individual currencies? Starting with the Greeks.. (independent, dollars)

[desibabu1947]

I personally think we will see the Drachma and the Lira very soon. The Brits were smart, they kept their pound.

I just wrote a post on it:
http://peanutexpress.blogspot.com/20...d-drachma.html

[ergohead]

Originally Posted by desibabu1947

I personally think we will see the Drachma and the Lira very soon. The Brits were smart, they kept their pound.

I just wrote a post on it:
The Peanut Express: The Talent-ed Drachma

That's a Drach, Jack!

"Many of us still remember a romantic side of Europe that others are almost beginning to forget. The Europe of currencies galore -- the Europe before the Euro. Many years ago, while the Germans made their mark with the Mark, the French would frolic with the Franc. While the Italians sang with the lyrical Lira, the Greeks dramatized their fantasies with the Drachma. And then, the new currency of the Europeans, the Euro, swept all of the old ones under the carpet with a wide broom. A new Europe was born, with its own common market and currency -- and the musical names for European money disappeared. Overnight."

The Peanut Express: The Talent-ed Drachma

[EdwardA]

Bringing back the drachma would be pretty bad for the Greeks but I see no around it. Their economy is not structurally competitive with other Euro countries. The need to devalue to stimulate exports and tourism. As it stands now their products are artificially over priced.

[TheFix]

I hope not! I live in Germany but my American company pays me in dollars. A strong Deutsch Mark would really suck!

[desibabu1947]

Interesting article on the Euro:
Can Europe rescue its single currency? - Europe, World - The Independent