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Word: drachmae (lookup in dictionary) (lookup stats)
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...past year, says Koskotas, some 40 shipments of money, in blue briefcases stuffed with 5,000-drachma notes, were carted out of the Bank of Crete and taken first to his own residence. There the banker handed the money over to a Papandreou confidant, Georgios Louvaris, who Koskotas says made the deliveries to the Prime Minister. Pickups occurred weekly and amounted over the year to more than 3 billion drachmas ($20 million at today's rates). In addition, Koskotas claims he personally carried a total of half a billion drachmas ($3.3 million) to the home of a Deputy Prime Minister...

Author: /time Magazine | Title: Scandals The Looting of Greece | 3/13/1989 | See Source »

...cafe where everybody was unnaturally quiet. It was an outdoor cafe and there were tiny birds in the plants. The Intern scanned the stack of papers at his feet and thought about doing the crossword puzzle. Eugene T. Maleska wanted him to guess what one-sixth of a drachma was in Roman numerals, but the Intern had little desire to. The Intern ordered another croissant from a waitress who told him to cut the crappy insincere panderings when he asked if she was having a nice morning. The Intern's companion looked up from a movie review by Stephen Schiff...

Author: By Thomas Hines, | Title: Chivalry | 8/4/1981 | See Source »

...dollar's 25% rise against the drachma has boosted tourism in Greece 22%, claims the Greek National Tourist Organization. Many travel agents and hotel owners doubt the official figures, arguing that not only are there fewer tourists but they spend less. Nevertheless, hotels in Athens and on Rhodes, Crete and Corfu, the country's most popular attractions, will all be full this summer...

Author: /time Magazine | Title: A Boom in Foreign Travel | 6/29/1981 | See Source »

...building, to be ready for occupancy in early 1975, will have a staff of 36 European-trained hoteliers, ready at the drop of a drachma to ensure that the out-of-town Olympian will find on his return a well-stocked refrigerator, flowers in the vases and, as ordered, his clothes cleaned and laid out. The staff will always be on hand to charter limousines, yachts, helicopters and jets, snap up tickets to the theater, opera and concert. In residence, madame in her marble bathroom (with porcelain bidet) will never be embarrassed by window-cleaning voyeurs: the floor-to-ceiling...

Author: /time Magazine | Title: Modern Living: The New Olympians | 9/23/1974 | See Source »

...turbulent postwar history. Campaigning for reelection, he once boasted that he had "transformed Greece from an Oriental village to a European country." He laid the foundations for Greece's recovery from World War II -and the bloody civil war against Communist insurgents that followed-by stabilizing the drachma, bringing Greece into the Common Market as an associate member, and setting the country on a course toward industrialization. One of his proudest accomplishments was his participation in the 1960 treaty between Britain, Turkey and Greece that guaranteed the independence of Cyprus...

Author: /time Magazine | Title: The World: The Exile Returns | 8/5/1974 | See Source »

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