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Greece

Neither Euro, Nor Drachma: Could A New *Geuro* Currency Save Greece?

Top economists at Germany's Deutsche Bank suggest creating a second "parallel" currency, alongside the euro, to save Greece. They also believe Greek banks should be turned into a European-managed "Bad Bank," a

Still holding on, but the Greek crisis may be bound to end in drachma.. (dullhunk)
Still holding on, but the Greek crisis may be bound to end in drachma.. (dullhunk)
Sebastian Jost

BERLIN - Thomas Mayer is one of the highest-profile economists in Germany. Deutsche Bank's chief economist explains the euro crisis so clearly that anyone can understand all the moving parts. He calls a spade a spade, and tells the German taxpayers what the risks are. He also thinks outside the box.

And he just proved it again at the Welt Group and Stiftung Familienunternehmen (Family Business Foundation) conference on currencies -- a subject that has been preoccupying politicians and economists for months. The hot topic was: should Greece stay in the euro or re-introduce the drachma?

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Geopolitics

Our 'Emotional' Divide: How The Ukraine War Reveals A World Broken In Two

Russia's invasion has created a stark global divide: them and us. On one side are the countries refusing to condemn Moscow, with the West on the other. It's a dangerous split that could have repercussions far into the future.

Protesters against the war in Ukraine demonstrate in front of the Russian embassy in London

Dominique Moïsi

-Analysis-

PARIS — "The West and the Rest of Us." That's the title of a 1975 essay written by Nigerian essayist and critic Chinweizu Ibekwe. I've been thinking about his words as the war in Ukraine both reveals and accelerates divisions of the world that I believe are ultimately "emotional" in nature.

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With war returning to Europe and the risk of escalation, there is a gap between the Western view and that of the "others," a distinct "us and them." This gap cannot be explained in strictly geographical, political, and economic terms.

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Central to the tragic absurdity of this war is the question of language. Vladimir Putin has repeated that protecting ethnic Russians and the Russian-speaking populations of Ukraine was a driving motivation for his invasion.

Yet one month on, a quick look at the map shows that many of the worst-hit cities are those where Russian is the predominant language: Kharkiv, Odesa, Kherson.

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