(n.) A silver coin among the ancient Greeks, having a different value in different States and at different periods. The average value of the Attic drachma is computed to have been about 19 cents.
(n.) A gold and silver coin of modern Greece worth 19.3 cents.
(n.) Among the ancient Greeks, a weight of about 66.5 grains; among the modern Greeks, a weight equal to a gram.
Example Sentences:
(1) The following day, politicians and eurocrats began scrambling to hammer out a larger rescue package for Greece: 28 April 2010 Photograph: Guardian That was the time when puns about Acropolis Now, and ‘making a drachma out of a crisis’ were in vogue: Greek debt crisis, 28 April 2010 Photograph: Guardian But there wasn’t much time for jokes.
(2) It looks confusing to start now.” Stathopoulos said young people should think twice before encouraging the government to take Greece out of the euro and return to the drachma.
(3) The exchange rate of the new drachma would collapse in the open markets, making it difficult to secure supplies of oil, medicine, foodstuffs and other goods.
(4) Greece's economy has been in the balance for months, but the seeds of the crisis were sown a decade ago 1 January 2001: Greece joins the euro Having been left out when the single European currency began at the beginning of 1999, Greece becomes the 12th member two years later after dramatically cutting inflation and interest rates, and bringing the drachma smoothly into line with the euro.
(5) A newly minted drachma would be low enough to attract holidaymakers, but without the investment in new hotels, the industry could barely cope.
(6) The question on Sunday is not between the euro and the drachma, but between the continuation of these policies or salvation from the greatest destruction a people have experienced in peacetime.
(7) Chrissa, who has been in London for two years, says the transition from drachma to euro ratcheted up prices for no real reason beyond the fact that everyone was on the make.
(8) Germany's bestselling paper, Bild, which has handed out drachmas in Athens and urged Greece to sell an island to help pay off its debt, trumpeted: "For 90 minutes it will be about more than just football.
(9) Even if the Greek government decides to pay wages and pensions by printing its own IOUs or “new drachmas”, the European court of justice will rule that all domestic debts and bank deposits must be repaid in euros.
(10) The fact that there is no real appetite for having the drachma back means that a referendum could be won.
(11) It is almost certain to bring more misery to a country where half a decade of austerity has crippled the economy and left 50% of young people without work, but there was widespread fear that returning to the drachma would be even more damaging.
(12) Greece's latest attempt to reach deal with creditors collapses Read more As Greece’s choice comes ever more sharply into focus – between opting to stay in the eurozone and experiencing yet more austerity, or defaulting on its repayments and possibly returning to the drachma – some economists have also suggested, as an interim measure, a halfway house parallel currency that would involve government IOU notes and tax credit certificates.
(13) On day one it suggested that one drachma should be worth the same as a euro, with wages, prices, loans and deposits redenominated one for one.
(14) Greece’s debts would be repaid in a drastically devalued drachma, if they were repaid at all.
(15) Drachmas worth around 10% of the euro are distributed by local banks, which are nationalised to stop them going bust.
(16) JPMorgan Chase has created new accounts for a handful of American giants that are reserved for a new drachma in Greece or whatever currency might replace the euro.
(17) Briefly put: the return to the drachma should be sudden, accompanied by a short bank holiday and immediate imposition of capital controls.
(18) With no drachma to punish for Greece's financial mismanagement, those foreign exchange traders seeking to profit from the situation have instead shorted the euro – a move which threatens the stability of all the countries in the eurozone.
(19) If an agreement can’t be reached, Greece might well go back to the drachma.
(20) Icap, the City currency broker, is ready to reintroduce a drachma trading facility by installing a new panel on its electronic screens.
Greek
Definition:
(a.) Of or pertaining to Greece or the Greeks; Grecian.
(n.) A native, or one of the people, of Greece; a Grecian; also, the language of Greece.
(n.) A swindler; a knave; a cheat.
(n.) Something unintelligible; as, it was all Greek to me.
Example Sentences:
(1) In a separate exclusive interview , Alexis Tsipras, the increasingly powerful 37-year-old Greek politician now regarded by many as holding the future of the euro in his hands, told the Guardian that he was determined "to stop the experiment" with austerity policies imposed by Germany.
(2) Greek officials categorically denied the report with many describing it as a "joke".
(3) An unexpected result of the Greek crisis has been a flight of capital into British government bonds, which has seen gilt prices fall.
(4) Greek police have said the 45-year old man arrested over the attack has admitted being a member of the extremist Golden Dawn Party.
(5) Thus, the dental health and dietary habits of the Greek immigrant and the Swedish children were generally very similar, while the Greek rural children showed a less favourable cariological status.
(6) Portugal's slide towards a Greek-style second bailout accelerated after its principal private lenders indicated that they were growing weary of assurances from Lisbon that it could get on top of the country's debts.
(7) Far from securing the regime change they were seeking, the creditors now find that Syriza is being supported by all Greek political parties apart from the communists and the neo-Nazi party Golden Dawn.
(8) Facebook Twitter Pinterest Columnist Jonathan Freedland and economics editor Larry Elliott discuss the late-night deal that the Greek prime minister Alexis Tsipras has agreed to When it comes to the now-abandoned Thessaloniki Programme, the radical manifesto on which Alexis Tsipras came to power, there is always talk of implementing it “from below”: that is, demanding so many workers’ rights inside the industries designated for privatisation that it becomes impossible; or implementing the minimum wage through wildcat strikes.
(9) Would the Greek crisis have been avoided if Europe had stuck to fiscal discipline?
(10) Greece standoff over €86bn bailout eases after Brussels deal Read more But while the bailout chiefs are poised to agree on a route map, the journey for the Greek people seems no less long and arduous.
(11) "But if public opposition to further austerity measures hardens, the Greek government could find it even tougher to put the public finances back on a sustainable footing."
(12) Financial experts aren't immediately sure what to make of the report, but one theory is that the figure includes the 'profits' the European Central Bank has made by buying Greek debt at distressed levels since the crisis began: econhedge (@econhedge) suggestion that this is planned EUR31.5b+ECB profits.
(13) The Greek prime minister Alexis Tsipras welcomed the IMF’s intervention saying in a TV interview that what the IMF said was never put to him during negotiations.
(14) To leave the Euro, says Clarke, would be "disastrous" for the Greeks.
(15) The footballer, who plays for club side Gabala and the national team , had waved a Turkish flag during a Europa League match in Cyprus, and appeared to make an obscene gesture at a Greek journalist who asked why he had done so.
(16) In the context of a simplified diamond lattice model of a six-member, Greek key beta-barrel protein that is closely related in topology to plastocyanin, the nature of the folding and unfolding pathways have been investigated using dynamic Monte Carlo techniques.
(17) Greek debt crisis: What's in the proposals from Athens?
(18) The decision triggers a refusal by the EU and the IMF to forward new funds to pay interest on Greek debts.
(19) These include 250 pieces of Greek and Roman pottery and sculpture, and 1,500 Greek and Ottoman gold, silver and bronze coins.
(20) In Paris, Chancellor Angela Merkel and President François Hollande tried to plot a common strategy after Greeks returned a resounding no to five years of eurozone-scripted austerity.