# Drachma on The No Agenda Show

Drachma comes up in 4 chapters across 4 episodes of The No Agenda Show, from May 2011 to July 2015.

- **Chapters:** 4
- **Episodes:** 4
- **Discussed:** May 2011 – July 2015
- **Related topics:** [Euro](https://search.noagendashow.net/topic/euro.md), [Greece](https://search.noagendashow.net/topic/greece.md), [Bankers](https://search.noagendashow.net/topic/bankers.md), [Debt Restructuring](https://search.noagendashow.net/topic/debt-restructuring.md), [Esm](https://search.noagendashow.net/topic/esm.md), [Forex](https://search.noagendashow.net/topic/forex.md), [Imf](https://search.noagendashow.net/topic/imf.md), [Investment](https://search.noagendashow.net/topic/investment.md), [Larry Summers](https://search.noagendashow.net/topic/larry-summers.md), [Nigel Farage](https://search.noagendashow.net/topic/nigel-farage.md)

## Chapters 1–4 of 4

### European Stability Mechanism, Greek Sovereignty Concerns

- **Episode:** [738: Busted Router](https://search.noagendashow.net/episode/738-busted-router.md)
- **Published:** 2015-07-12
- **Time:** 14:37–20:13
- **Transcript:** https://search.noagendashow.net/episode/738-busted-router/chapter/european-stability-mechanism-greek-sovereignty-concerns.md

The Greek government seeks to tap into the European Stability Mechanism (ESM) rather than the central bank, raising questions about national sovereignty. Nigel Farage is noted for his speeches encouraging a Greek exit from the European project. Observations are made regarding the relative stability of the Euro despite the ongoing political turmoil.

Keywords: [esm](https://search.noagendashow.net/topic/esm.md), [greece](https://search.noagendashow.net/topic/greece.md), [sovereignty](https://search.noagendashow.net/topic/sovereignty.md), [nigel farage](https://search.noagendashow.net/topic/nigel-farage.md), [drachma](https://search.noagendashow.net/topic/drachma.md)

### Currency Speculation and the Return of the Drachma

- **Episode:** [734: Peak Oil II](https://search.noagendashow.net/episode/734-peak-oil-ii.md)
- **Published:** 2015-06-28
- **Time:** 2:01:07–2:03:25
- **Transcript:** https://search.noagendashow.net/episode/734-peak-oil-ii/chapter/currency-speculation-and-the-return-of-the-drachma.md

Financial experts debate the impact of Greece potentially returning to the drachma, with Larry Summers warning of currency hoarding. A host shares a tip from an ex-banker predicting the Euro will spike to 1.18 despite the current instability.

Keywords: [drachma](https://search.noagendashow.net/topic/drachma.md), [larry summers](https://search.noagendashow.net/topic/larry-summers.md), [forex](https://search.noagendashow.net/topic/forex.md), [euro](https://search.noagendashow.net/topic/euro.md), [investment](https://search.noagendashow.net/topic/investment.md)

### Greece's Potential Exit from the Eurozone

- **Episode:** [351: Home for the Holidays](https://search.noagendashow.net/episode/351-home-for-the-holidays.md)
- **Published:** 2011-10-27
- **Time:** 2:13:07–2:16:54
- **Transcript:** https://search.noagendashow.net/episode/351-home-for-the-holidays/chapter/greece-s-potential-exit-from-the-eurozone.md

Economists suggest that the most logical path for Greece is to exit the Eurozone and return to the drachma. This would allow the country to devalue its currency and grow its economy through exports and tourism, rather than enduring a decade of "savage fiscal austerity." Staying in the fixed exchange rate system is predicted to drive the Greek economy into a total depression.

Keywords: [greece](https://search.noagendashow.net/topic/greece.md), [euro](https://search.noagendashow.net/topic/euro.md), [drachma](https://search.noagendashow.net/topic/drachma.md), [imf](https://search.noagendashow.net/topic/imf.md), [recession](https://search.noagendashow.net/topic/recession.md)

### Greece Debt Crisis and Potential Euro Exit

- **Episode:** [302: Web Savvy Wolf](https://search.noagendashow.net/episode/302-web-savvy-wolf.md)
- **Published:** 2011-05-08
- **Time:** 1:32:47–1:34:20
- **Transcript:** https://search.noagendashow.net/episode/302-web-savvy-wolf/chapter/greece-debt-crisis-and-potential-euro-exit.md

The hosts discuss rumors of Greece potentially dropping the Euro and returning to the Drachma due to unsustainable debt. They argue that the country was misled by bankers and is now facing the consequences of a flawed currency union.

Keywords: [greece](https://search.noagendashow.net/topic/greece.md), [euro](https://search.noagendashow.net/topic/euro.md), [drachma](https://search.noagendashow.net/topic/drachma.md), [debt restructuring](https://search.noagendashow.net/topic/debt-restructuring.md), [bankers](https://search.noagendashow.net/topic/bankers.md)

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