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Barometer

Would the return of the drachma mean a bonanza for banknote printers?

Plus: How many runways big airports need; and what Nicky Morgan probably doesn’t mean by ‘coasting’

4 July 2015

9:00 AM

4 July 2015

9:00 AM

Bank job

Should we buy shares in companies which print banknotes in expectation of one getting to print millions of drachma notes?
— In May, according to the ECB, there were a total of 17.6bn euro notes in circulation. Given that Greece accounts for approximately 2.5% of the GDP of the eurozone, 441m of these were Greek, and might need replacing with drachma notes in the event the country leaves the euro.

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