Wednesday, September 07, 2011

How Greece may return to the Drachma

John Redwood's blog, this morning, describes the likely process of a Greek default very neatly, it is linked here. The new drachma will of course plunge in value against othere euros almost instantlu, which is not made particularly clear. My comment and helpful link was as follows:

Martin Cole
Posted September 7, 2011 at 8:42 am | Permalink
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I agree. As a courtesy to your voyaging readers it would also have been helpful to point out the the serial number prefix for Greek euro notes which will soon become worthless outside Greece, is Y.
In early August on Orphans of Liberty I detailed most of the euro notes that would be best not to take back to Britain this summer, the link is herewith:



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