Drachma reintroduction ‘would mean social explosion’


A renowned economist has warned from reintroducing the drachma in Greece. Greek economic expert Miranda Xafa said such a step would cause “economic chaos and a social explosion”. She told profil that no one could guarantee the stability of the currency. Xafa added: “No Greek exporter, hotelier or restaurant owner would change their Euros for […]

IV demands focus on industry in crisis


The general secretary of the Federation of Austrian Industries (IV) has appealed on Europe’s political leaders to strengthen the continent’s industry. Christoph Neumayer told the Kurier that the European Union (EU) should concentrate on creating ideal circumstances for its industrial sector. Neumayer claimed such a strategy would help in getting through the economic crisis. The […]