| As the stand-off between Greece and its international creditors approaches its likely end on Sunday, eurozone officials are openly discussing the possibility that Greece may leave the monetary union and introduce a new currency.
However, even if “Grexit” were to occur, economists warn the transition would not be a clear-cut process. Given the technical challenges involved in setting up a new tender, Greece could face a period where a new parallel currency — under the form of IOUs — circulates alongside the euro...............................................Full Article: Source
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