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Trading floors prepare for possible return of the drachma
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Banks and trading floors around the world are watching the Greek crisis closely. One big question is what if the Greece leaves the euro and the Drachma is reintroduced.
How do banks prepare for such an eventuality? How do they deal with all the uncertainty and turmoil in the markets as Greeks head to the polls on July 5 to vote on the terms on a proposed bailout from Greece’s international creditors?
Saxo Bank’s Head of Markets Claus Nielsen looks at the issues relating to the Greek crisis and a possible return of the drachma.