When I visited Athens I bought beautiful bracelets
with drachma, a now defunct currency, and stayed at a hotel that doesn't exist any more.
And for Greece's own wealthier classes, the EU loan package would enable the country to remain within the Eurozone long enough to permit them to move their money out of the country before the point arrived at which Greece would be forced to replace the euro
with the drachma and devalue it.
Not exact matches
In Luke 15:1 - 10, then, the two points are made: the shepherd leaves the ninety - nine sheep to seek out the lost one, and rejoices when it is found; the woman drops everything else to seek out the one lost coin (the coin mentioned is probably a Greek
drachma, literally worth sixteen cents, but in actual purchasing power many times more than that), and rejoices
with her friends when it is found.
It's also possible that they will get kicked out of the Euro and start printing
Drachmas again, and try to pay the bonds back
with those which could devalue the bonds through inflation.
Threatened
with a civil war of creditor versus debtor, the Athenian ruler Solon pulled down the mortgage stones to free the debtors and devalued the
drachma by 27 % to relieve the bankers.
The DESTE Foundation in collaboration
with the exhibition's sponsor, INTERAMERICAN, will give a Prize at the end of the show, a travel grant to New York worth 1.000.000
drachmas.
A close friend of mine, an economist by training and
with keen insight into international politics and finance, has told me that Greece should have never joined the euro and now should use this opportunity to exit the euro and return to the
drachma.
History is littered
with examples of the failure of money, such as the Mark in post-WWI Weimar Germany and the Greek
drachma in 1944.