Descending to Olive Republic status. Probably leaving the Euro would be for the best for the Greeks.
1 posted on
04/03/2015 4:41:03 AM PDT by
C19fan
To: C19fan
No shocker here. Expected for the past six months.
The curious thing will be if Greek business operations will want Euros/dollars from tourists. Guess I’ll find out by the end of April (I have trip reservations into Athens).
To: C19fan
Better print those Drachmas on toilet paper because that’s all they’re gonna be good for.
CC
4 posted on
04/03/2015 4:47:30 AM PDT by
Celtic Conservative
(Sufficient unto the day are the troubles therof)
To: C19fan
The smart investor will try to corner the market for zeroes because Greece will need lots of them in later rounds of currency devaluations. Anyone want a hundred trillion drachma bill?
5 posted on
04/03/2015 5:05:13 AM PDT by
KarlInOhio
(Darth Obama on 529 plans: I am altering the deal. Pray I don't alter it any further.)
To: C19fan
Why don't they just do it? The poor people of Greece cannot pay back the loans to EU banks. All the little folk have seen for it is the destruction of their lives.
Kind of like what's happening here.
7 posted on
04/03/2015 5:23:55 AM PDT by
grania
To: C19fan
Can’t those slacker Germans get night jobs to help pay for Greek retirements?
12 posted on
04/03/2015 5:58:03 AM PDT by
blueunicorn6
("A crack shot and a good dancer")
To: SAJ
13 posted on
04/03/2015 6:24:01 AM PDT by
Army Air Corps
(Four Fried Chickens and a Coke)
To: C19fan
100 billion drachma note
15 posted on
04/03/2015 6:48:11 AM PDT by
DeaconBenjamin
(A trillion here, a trillion there, soon you're NOT talking real money)
To: C19fan
They have no choice but to leave the Euro! What all of these “analysts” don’t realize is that they will never be able to devalue their currency if they keep the Euro, therefore they will never be able to pay off their debt regardless if they want to or not! The flaw with the Euro concept is different economies are just that, different. The way countries like Greece, Spain, and Italy remained solvent in the past is by deflating their currencies. If they cannot do that, they will always be in debt.
16 posted on
04/03/2015 6:51:05 AM PDT by
gr8eman
(Don't waste your energy trying to understand commies. Use it to defeat them!)
To: C19fan
Probably leaving the Euro would be for the best for the Greeks.It'll be best for the Greek government -- for the Greek people, not so much.
A return to the Drachma will initiate a round of currency inflation that will wipe out what capital remains in Greece.
17 posted on
04/03/2015 7:35:49 AM PDT by
BfloGuy
( Even the opponents of Socialism are dominated by socialist ideas.)
To: C19fan
In the dead of night re establish the drachma on parity with the Euro.
Pay the greek debts in the new Greek Drachma.
Make the announcement and watch the drachma fall.
18 posted on
04/03/2015 7:40:52 AM PDT by
bert
((K.E.; N.P.; GOPc.;+12, 73, ..... Obama is public enemy #1)
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