Drachma used in a sentence

Drachma in a sentence as a noun

Again: the issue is not Grexit and return of the drachma.

Germany has debt of 83% of GDP, Greece has 180%.If Greece still had the drachma, then they could devalue it and work out their own problems.

He believes that the euro crisis must have shaken the Greeks' faith in Europe's single currency and wonders if there'll be a desire to revert to the free-floating drachma.

> Here's a Greek expat trying to lay out what an orderly transition from Eurozone membership to a drachma economy would look likeHe seems remarkably sanguine about the whole thing.

Well, the lack of productivity in the Greek economy means the drachma stays and goes continually down in relation to the Euro, which we'll presume is the dominant currency-zone Greece wants to import from.

Imported items got more expensive in drachma terms due to the exchange rate, but going to the barber didn't: he still charged about as many drachmas as previously, so your local buying power wasn't really reduced.

Do you really think that this can be done in secret?No, if Greece decided to go back to the drachma, there would be a massive financial panic as everyone with a Greek bank account tried to pull their Euros out and move them overseas.