Greece and Euro Exodus


R

ricohflex

Senior Member
Greece and the euro: Exodus, chapter 1 | The Economist
Of course you would too, if you were Greek. Take all deposits out before the run on the Greek bank begins.
What if Greece chooses to exit from Euro and go back to Drachma?




Euro sinks as Greek exit threatens - Channel NewsAsia
Quickly sell the Euro for Yen or Dollars. In case of Greece exit.
Investors dumped Euros ahead of Wednesday's European Union summit.
 

Greeks voting this weekend. They STILL don't get it. It is not about austerity. It is about national sovereignty. Drink water and eat plain bread for years if they have to. But Greeks must keep their pride. Greece should not let Germany and EU dictate to it, in order to keep the bail-out funds flowing.
 

Last edited:
ricohflex said:
Greeks voting this weekend. They STILL don't get it. It is not about austerity. It is about national sovereignty. Drink water and eat plain bread for years if they have to. But Greeks must keep their pride and do not behave like a beggar nation on their knees with out-stretched hand to Germany and France.
Click to expand...

Most likely no clear winner, country remains torn apart in limbo. Nothing will be solved.
 

ricohflex said:
Greeks voting this weekend. They STILL don't get it. It is not about austerity. It is about national sovereignty. Drink water and eat plain bread for years if they have to.
Click to expand...

Problem is, that's exactly what they don't want to do. They all want jobs, right now. But the Gov't has no money to hire them, and local businesses don't have money to hire because the gov't has no money to support them...

A sovereign greek state would collapse in weeks. Their economy was failing already, they just fudged to books to enter EU and that bought them some time.
 

Now Greece says give me more time to carry out spending cuts. So if EC agrees, then after 2 years, Greece may ask for another 4 more years.
Then after 4 more years, Greece may say.....actually we cannot pay back any of the bailout funds..so if you want us to remain in the euro, EC should write off all the debt.
 

Last edited:
ricohflex said:
Now Greece says give me more time to pay. So if EC agrees, then after 2 years, Greece may ask for another 4 more years to pay.
Then after 4 more years, Greece may say.....actually we cannot pay you..so if you want us to remain in the euro, EC should write off all the debt.
Click to expand...


Well... if you own the EC or supply EC with all or most of its $$$... SURE, YOU can do that... :think:
 

EURUSD rallying though. very nice move from overnight and the day before. 1.26 soon?
 

You must log in or register to reply here.
Back
Top