Greece would then go back to the drachma at a depressed value. This could cause Greek citizens to take their money out of the banks due to fears of their money being worth less due to the dropped value of the Drachma. ...

• Word Count: 731
• Approx Pages: 3
• Grade Level: High School

Also when Greece was on the drachma, which was their old currency, they were more appealing to other countries when trading. That is because the drachma usually was less then the euro and made getting exports from Greece instead of other counties that are in the European Union more desirable. ... Now say if they were still on the drachma they would be able to do such a thing. ...

• Word Count: 1589
• Approx Pages: 6
• Grade Level: High School

The Eurozone is a unique economic system made up of 17 nations with separate goals and different economies; allowing each country to issue its own bonds. Despite their differences, most of these countries are bound together by the Euro and the European Central Bank (ECB) since January 1st, 1999. Reg...

• Word Count: 1601
• Approx Pages: 6
• Grade Level: Undergraduate