Commodity Trade Mantra

Posts Tagged ‘Debt Writedowns’

Greece Preparing "Alternative Currency", Kathimerini Says

It now appears increasingly likely that Greece will be forced to return to the drachma currency or will at least be compelled to issue some manner of scrip in the face of an acute cash shortage and a worsening credit crunch which together threaten to leave government employees in the lurch and cut off the flow of imported goods.

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