Anna B Posted May 15, 2012 Author Share Posted May 15, 2012 Scare mongering by the speculators, things will carry as normal with most country's. Greece will be better off reverting back to Drachma. Tell that to the people of Greece, who are going to become the new third world, or the unemployed/poorly paid of this country for that matter, who are barely keeping their heads above water. Link to comment Share on other sites More sharing options...
andygardener Posted May 15, 2012 Share Posted May 15, 2012 Tell that to the people of Greece, who are going to become the new third world, or the unemployed/poorly paid of this country for that matter, who are barely keeping their heads above water. Out of the Euro they at least have a chance of rebuilding their economy though tourism and agricultural exports. If they stay in the Euro then all the austerity and bailouts is simply kicking the can up the road for a few months till further bailouts and further cuts are needed. Link to comment Share on other sites More sharing options...
Taximark Posted May 15, 2012 Share Posted May 15, 2012 I'm going to Kos on Thursday, should I be worried regarding the Euro crisis, i.e what if I have £1000 euros and then overnight they get booted out? Link to comment Share on other sites More sharing options...
Jason Bourne Posted May 15, 2012 Share Posted May 15, 2012 I'm going to Kos on Thursday, should I be worried regarding the Euro crisis, i.e what if I have £1000 euros and then overnight they get booted out? My advice is to spend it quickly Link to comment Share on other sites More sharing options...
Mecky Posted May 15, 2012 Share Posted May 15, 2012 I'm going to Kos on Thursday, should I be worried regarding the Euro crisis, i.e what if I have £1000 euros and then overnight they get booted out? According to Oanda 1Euro is £1.24923 or nearly £1.25 so it's a good rate. The problem may with the cost of inflation in Greece. Link to comment Share on other sites More sharing options...
tasha_78_1 Posted May 15, 2012 Share Posted May 15, 2012 I'm going to Kos on Thursday, should I be worried regarding the Euro crisis, i.e what if I have £1000 euros and then overnight they get booted out? I wouldn`t worry too much Taximark. We were in Crete last September and we didn`t really notice much difference from any other time we`ve been to the Greek Islands. (and we go every year). Have a great time Link to comment Share on other sites More sharing options...
Lexikia Posted May 15, 2012 Share Posted May 15, 2012 Tell that to the people of Greece, who are going to become the new third world, or the unemployed/poorly paid of this country for that matter, who are barely keeping their heads above water. Just like they were before they joined the Euro and then took advantage of low interest rates to borrow money to fund large increases in Public service workers which was unstainable. Link to comment Share on other sites More sharing options...
Magnese Posted May 15, 2012 Share Posted May 15, 2012 Then the UK bond market is the place for you. The reason why the UK puts so much effort into maintaining its' AAA credit rating is that it confirms the UK has never defaulted on its debts. That is why the UK is able to sell bonds with a 1.8% return whilst many EU countries have to pay 5 or 6%. Invest money in UK bonds and you know you will get your money back plus a bit more. Folks with poor credit ratings pay massive amounts for borrowing money. That's why those companies can advertise loans on TV at 3000%. Is that because this government and the bankers here are really reliable and honest? Link to comment Share on other sites More sharing options...
Mecky Posted May 15, 2012 Share Posted May 15, 2012 Just like they were before they joined the Euro and then took advantage of low interest rates to borrow money to fund large increases in Public service workers which was unstainable. No, it's because they didn't pay their taxes Link to comment Share on other sites More sharing options...
Lexikia Posted May 15, 2012 Share Posted May 15, 2012 No, it's because they didn't pay their taxes That as well. But that's there problem to sort out. Many things wrong with the concept of a single currency with more poorer country's taking out than better off country's contibuting. Link to comment Share on other sites More sharing options...
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