Very soon Greece maybe will go back to drachma

In certain conditions:

First the coin exchange will be made from Euro to Drachma at the equivalent of ...guess how much....one million dollars ...because,

Greece is hoping that the U.S. will help ensure stability in Greece.

Therefore for example if you have ten million Euros in Greek banks they will only exchange in Drachma the equivalent of one million dollars.

Thus the inflation will be avoided...with a certain cost.

Of course greeks don't keep big money in their country...so....nobody will loose.

Is this true?

Yes it is!

They are going to have to revert their currency back if they want to regain any flicker of their previous life.

And there they go,

Greek Finance Ministry formed a special committee to assess the damage to the Nazi occupation during World War II. Athens intend to impute Berlin lawsuit demanding compensation for the crimes of the military.

This statement was made on the eve of the Deputy Minister of Finance of Greece Staykuras Christ, who said that the Greek experts have begun examining the documents and archives. In Athens, the claim that the most conservative estimate Berlin owed € 7,5 billion “Greece has never wavered from collecting reparations from Germany” – recalled official.

However, experts believe that this move is just a tactical move on the eve of the announcement of the report three creditors, writes “Kommersant”. If the results of the report will be negative, Greece could leave the eurozone, not waiting for the next tranche of the international community. While that Athens did not fit into the schedule before the Greek authorities have requested to delay the fulfillment of obligations, but in Berlin were totally against it.

worth recalling that in 2010. Greek authorities have stated that the topic of reparations closed to them. The last payment was made by the German Federal Bank in October 2010., And later the Constitutional Court of Germany has confirmed that Berlin had fulfilled its obligations to Athens.

However, Greece has convicted Berlin unilateral termination of the agreements, noting that during the Second World War, the Nazis were taken out of the country’s gold reserves. According to the National Council for German debt of the country was damaged by 162 billion euros. The experts concluded that the claims are only tactical, and Athens are trying to score points in anticipation of meeting the three creditors.

“Germany will never pay, but the delay to implement a program to reduce the budget deficit can provide,” – noted political scientist at the European University in Florence Leonidas Oykonomakis. In turn, the Greek expert fund ELIAMEP Anna Triandafillidu notes that this issue another plane: the government exaggerates the theme in their narrow political purposes. “Such statements play on the growing nationalist sentiments of the Greeks, because the word” German “in Greece in recent years has become almost an insult,” – said the expert.

September 6, 2012

littleskylark.com...

For the beginning.