June 21, 2010
Euro to drop 9% value against dollar on a Greek default: Bloomberg
Bloomberg again:
"Everybody knows the euro will be punished if a country defaults, but nobody knows by how much,” said Mikhail Foux, a credit strategist at Citigroup in New York."
The euro has fallen 13 percent against the dollar this year and dropped to a four-year low of $1.1877 on June 7
Related:
2011 – Creating the European Financial Stability Facility (EFSF) & the "PIIGS"
2017 – Another Greek Economic Crisis?
The Drachma almost returned to Greece 2013–2017
Greek economic Survival in the 1990s
Greece's Golden Visa program
