The Return of The Drachma?

Reuters report that the Greek Prime Minister, George Papandreou, will hold a conference call today with French President Nicolas Sarkozy and German Chancellor Angela Merkel.

The call comes amid renewed talk among eurozone policymakers about a Greek default, prompted by the country's failure to meet the fiscal goals set out in its EU/IMF bailout.

Sarkozy's office denied earlier on Tuesday that Paris and Berlin would issue a joint statement on Greece, after a French government source had said a statement would be made.

There is another rumour circulating that Greece will, tomorrow, announce a return to the Drachma. This is ironic as on 19th August I tweeted the following:

ken_frost Ken Frost

@

Greece to introduce "new Drachma" around 15 Sept..apparently.. #greece

19 Aug Favorite Reply Delete