haku: @indexterm Greece / yhteensä: 288
viite: 170 / 288
Tekijä: | |
Otsikko: | Drama of th Drachma |
Lehti: | Banker
1994 : JUL, VOL. 144:821, p. 44-47 |
Asiasana: | GREECE COSTS BANKS |
Kieli: | eng |
Tiivistelmä: | Greek banks took a battering during the drachma crisis in May, when short-term interbank rates soared into triple digits. The socialist government's decision to lift remaining controls on short-term capital movement six weeks ahead of the European Union's 1 July deadline triggered a wave of speculative pressure. With the socialists determined to avoid a politically costly devaluation in the run-up to the European parliament elections, short-term interest rates were hiked to record levels to defend the currency. |
SCIMA