In this region Greek banks employ around 16.000 employees in their subsidiaries or branches, and few thousand more in EU countries, US, Australia, Canada etc.
14  See Broda, C. (2001), “Coping with Terms-of-Trade Shocks: Pegs versus Floats.” American Economic Review, 91, No. 2 May 2001. BIS central bankers’ speeches  5  relies on exchange rates being flexible – and that assumption is still hardwired into G7 and G20 doctrine.15 This benign view of the role of exchange rates, however, has been challenged on several accounts.