Bloomberg’s Official Explanation For Why The Drachma Showed Up On Its Terminal(0)
Today’s Bloomberg terminal clearly indicates an XGD currency function, which is a mark cost for a post-euro drachma currency.
We contacted Bloomberg’s for clarification, but they answered that the function was internal.
In normal business situations, Bloomberg conducts contingency planning. In this regard, Bloomberg is ready to face different business situations including personal sovereign non-payment scenarios and overhaul of currency for personal sovereigns.
In the entire testing process, few customers were able to briefly identify an assessment identifier.
Strangely, it revisits what IMF representatives noted yesterday about setting up emergency plans for Spanish rescue.
The following is the expect scenario in case Greece exits the Euro.
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