You are here


Printing the new drachma: the messy future of a post-euro Greece

It would be complicated because the transition would have to happen fast, with little planning

Greek bank customers queuing at an ATM late last month. Speaking from his experience in Croatia in 1993, a central bank authority said the most challenging thing is to establish efficient distribution and to make sure the new currency is available everywhere.


INTRODUCING a new currency is no small feat. Recent cases - East Germany's adoption of the deutsche mark, the Czech-Slovak divorce of 1993, and the creation of the euro itself - benefited from years of careful planning and broad popular support. If Greece were to abandon the euro,...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to