Are we there yet? 'Greek Drachma' on Bloomberg ticker

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http://rt.com/business/news/greek-drachma-bloomberg-trades-769/

Are we there yet? 'Greek Drachma' on Bloomberg ticker

01 June, 2012, 17:04



Traders around the world have been staring at their Bloomberg screens, hardly believing their eyes. The electronic information platform has been showing details for possible Greek Drachma trading.

The Bloomberg helpdesk described it as "an internal function which is set up to test."

The news comes in the wake of the heated discussions over the future of the euro zone and the membership of Greece. While many experts insist that Greece should leave the Euro and default, some suggest it should remain the union and introduce a parallel currency to the Euro to repay the country’s debt.
The Head of the European Investment Bank Werner Hoyer said on Tuesday that Greece will be able to remain a member of the union. “Greece will have the opportunity to solve the huge problems that it is facing. Continuing support from the EU will contribute to this, in case, of course, the very Greeks would want that,” Hoyer said.

And a survey at the weekend showed that Greeks prefer to stick to the Euro and not revert to the old drachma.

The Greek Drachma details have now been taken down from the Bloomberg service.

http://blog.alexanderhiggins.com/2012/06/01/greece-currency-secretly-printed-appears-bloomberg-ticker-139861/




While politicians publicly debate Greece existing the Euro behind the scenes comes a report of a secret order to print Drachmas as the currency pops up on Bloomberg’s ticker.
In public politicians refuse to entertain the notion that Greece may exit the Euro but behind the scenes another story is unfolding.

The World’s largest private printer of money De La Rue in the UK, who prints currency for 150 nation’s worldwide, is reported to have began secretly printing new Greek Drachmas according to a report from the well-respected German newspaper the Rheinische Post.

An intermediary paper company has told the Rheinische Post, speaking on the condition of anonymity, they are supplying the De La Rue with material to print the new Greek currency under a secret contract.

The Rheinische Post quotes the intermediary company as saying they have seen the new printed Greece currency with their own eyes.

At the same time the currency showed up on Bloomberg’s trading terminal’s today listed as Greek Drachma Post Euro using the symbol XGD.