A Euro coin is on a Greek Drachma banknote A Euro coin is on a Greek Drachma banknote Murad Sezer/Reuters Now that Greek voters have voted "no" in the referendum, the government is engaged in a ...

Albert Einstein famously observed that a sure sign of insanity was the endless repetition of the same experiment in the hope of obtaining a different result. Yet that appears to be exactly what the ...

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. On April 26th, Standard and Poor’s downgraded Greece’s credit rating, and Greek ...

For years, the idea of Greece dumping the euro as it tried to shock its flat-lining economy back to life has been cast as an unthinkable doomsday scenario. But Sunday's lopsided vote by Greeks to ...

Forbes contributors publish independent expert analyses and insights. I write about economic policy for the 21st century. Throughout the past hundred and fifty years or so, especially in U.S. politics ...

On Saturday, a Bloomberg reporter's credit-card records listed a transaction at the Hilton Athens in "Drachma EQ" instead of in euros, which is still Greece's currency. Bloomberg reported Thursday ...

An exit from the euro currency and a return to a form of the old Greek drachma is now being openly canvassed in the event of a "no" vote at the weekend. However, Dr Holger Schmieding, chief economist ...

A Greek default looks increasingly likely. That seems to be the theme of the day as markets and commentators insist that the debt situation over in Europe is unsustainable . Among those calling for a ...

WASHINGTON (Reuters) - If or when policymakers finally decide Greece should leave the euro, the exit could happen so quickly that "new drachma" currency notes might not be printed in time. In ...

The Euro Working Group discussed Greece’s imminent funding problems yesterday amid mounting concern about how the country will meet its massive obligations. Minister of State for Coordinating ...