Tag Archives: Drachma

John Ward – The Samaras Word On Greece – 5 May 2012

Antonis Samaras, the head of Greece’s New Democracy party, said a return to the Drachma would have “catastrophic consequences” for the Hellenic Republic and the euro-area as a whole, Bild Zeitung reported today.

The thing we’re slightly short of here is just why exactly Samaras Licken sees the sky falling in if Greece reverts to a far less inflationary currency that would probably double its tourist income in 2013…or indeed why – given his country is on its uppers – he should give a flying sh*t about the wider ramifications for a eurozone whose membership has royally shafted his country. Continue reading

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