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
Mon, Jul 06, 2015 - 5:50 AM
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,...