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Euro, Drachma, Digital Currency – What Will Greece Choose?

A man holds drachma notes, the currency in Greece before the euro, on July 7, 2015 in Athens, Greece. (Christopher Furlong/Getty Images)
A man holds drachma notes, the currency in Greece before the euro, on July 7, 2015 in Athens, Greece. (Christopher Furlong/Getty Images)

For months we have heard about Greece’s financial woes, particularly in the last couple weeks, as the situation has dramatically worsened, leaving Greece on the cusp of potentially exiting the eurozone altogether.

One question mark has been Greece’s impending decision on what to do in regards to its currency. Greece could remain with the euro, resume printing its previous currency, the drachma, or even taking a leap into unknown territory and introduce digital currency such as Bitcoin as the norm.

Which option is best for the future of Greece? Christopher Vecchio, currency strategist for DailyFX, discusses this with Here & Now’s Jeremy Hobson.

Guest

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