Even in the most economically tumultuous of times, there are people who stand to make money — some of them literally. British money printer De La Rue has told Reuters it’s made contingency plans to print drachma notes, in case Greece makes a euro exit.
If Greece leaves the common-currency zone, there’d be such a huge demand for drachmas that Athens may have to outsource its money-making to companies abroad, says the unnamed industry source (one assumes hopefully). ‘It will be a huge job which the state printing works will do, but they will probably pull in some additional volume from outside and De La Rue will be in with a chance,’ the source tells Reuters.
De La Rue is the world’s biggest commercial banknote printer and it would actually be surprising if the company didn’t make such contingency plans. Still, this bit of news shows how anyone and everyone involved in finance and currencies is readying for a euro fallout.
Faisal Islam, in our cover story this week, has already predicted the return of the old Greek currency. He says the Greeks are playing a high-stakes game of poker with Germany — and very soon, they may be playing this game in drachma.
Hat-tip: Akitva Fonder
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