Would the drachma make a return to Greece if the country leaves the euro? — -- If Greece and its 11 million people left the European Union, it would be an unprecedented move within the monetary ...

WASHINGTON – With each day, the likelihood is growing that Greece's financial catastrophe will force it out of the euro currency alliance and compel it to restore its old currency, the drachma. It won ...

Greece's finance minister was on Thursday named head of the Eurogroup, the body that helps shape euro zone policy, ...

EUROPE’s ruling elite is now openly talking about whether Greece might leave the euro, breaking a two and a half year taboo. German chancellor Angela Merkel and EU president Jose Manuel Barroso were ...

"I don't see how it's feasible to wriggle out," says Berkely economist Barry Eichengreen. Why Greece Is Stuck With The Euro On today's Planet Money: Could the Greek crisis spell the end of the Euro?

Greek Finance Minister Kyriakos Pierrakakis was elected Thursday as president of the Eurogroup — a move that would have been ...

After eight years and roughly $330 billion in loans, Greece is putting bailouts behind it. The country on Monday officially exited the last of the three enormous rescue programs that saved it from ...

Mark Blyth spends a large part of his recent article, “A Pain in the Athens: Why Greece Isn’t to Blame for the Crisis,” pointing out that much of Europe’s bailout money for Greece has been used to pay ...

FRANKFURT/ BRUSSELS (Reuters) - The thinning oxygen supply to Greek banks could leave Athens with little choice but to introduce a form of second currency, European officials believe, a temporary ...

FRANKFURT (Reuters) - The European Central Bank has analysed a scenario in which Greece runs out of money and starts paying civil servants with IOUs, creating a virtual second currency within the euro ...