Weekend Economists: What Goes Up....June 1-3, 2012

[girl gone mad]

52. Wird die neue Drachme schon gedruckt?

Google Translation of article from German media:

One of the editors known firm of NRW has supplied via an intermediary material for the printing of drachmas to De La Rue. The middlemen, who must remain anonymous as the company wants the printed drachmas but already have seen with my own eyes.

De La Rue declined to confirm or deny the information on Thursday yet. "We generally do not comment on such speculation," said a spokesman. De La Rue produces banknotes for over 150 currencies, and Greece was formerly part of the customer.

EU Trade Commissioner Karel De Gucht had recently said in an interview with the Belgian newspaper "De Standaard", the European Central Bank (ECB) and the European Commission were already working on emergency situations in case that Greece withdraw from the euro-zone should.

"Eighteen months ago, like the danger of a domino effect existed," said the Belgian EU Commissioner for the paper, referring to the danger of loss of credibility of other debt countries in Europe, "but now departments are working in the European Central Bank and the European Commission to emergency situations in case that does not succeed in Greece. "

http://www.rp-online.de/politik/eu/wird-die-neue-drachme-schon-gedruckt-1.2853675

Hmm.