Greece

Well this looks better than the alternative.

http://uk.news.yahoo.com/greek-pro-bailout-parties-look-forge-coalition-020614144.html

I was getting concerned yesterday, nowhere to buy Swiss Francs in Somerset on a Sunday.

 

Bless you Shiney - got those rose coloured glasses on again!!
What I probably could do is bore them to sleep yacking on about the massive Greek debt....
Meanwhile, you could tip toe round the back and do your stuff...

 

looks like the Greeks may have to vote for a 3rd time

it's becoming a circus now

 

Every time I read that it will take months to re-introduce the Drachma, I wonder why they couldn't simply stamp 'Drachma' on all the Euro notes in Greece and get it sorted out that way (rather like the way 'Specimen' is stamped on worthless banknotes).

 

Not that simple Scrunge, being Euro's they are now all over Europe. Imagine taking your salary out of the bank in Ireland & finding some of it had the Greek pre fix. You wouldn't be happy to find it was suddenly Drachmas.

Ex pat was on the radio last week. He said when he gets paid in Spain, he takes his money out, sorts thru it and pays back in any at risk pre fix euros.Then does this time and time again till all his cash is from Germany or similar countries.

 

How many Drachmas to the Euro?????
I dont think anything has been done like that before, has it.

 

You are right Pete, can't think of an historical comparison

From what I can work out, there will be a declaration of withdrawal. Followed by 1 Euro = 1 Drachma.

Then that will be at the mercy of the exchange markets.

I would expect, but hope not, that it would immediatly plummet as the rest of Europe panicked, but then the realisation that Greece will still have to honour its debts and that getting paid in new Drachmas will be better than being paid in nothing might bring a bit of sense back to the markets.

 

Did anyone watch channel 4 news last night? i cant believe that neo-nazi that assaulted the greek lady has not been sacked and his party are still winning seats