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Asunto: Greece
"Besides the lack of cash in banks is only for greek people and cards, tourists have no problem at all"
- I find this statement a bit strange, could you please elaborate - genuinely, how does it work?
How can there be lack of cash only for Greek people only? if there are queues of people taking out 60 euros each, then the ATM machines run out of cash, or don't they? in the longer-term banks go bust, and there is no cash for everyone, or change to give out (from Greeks to tourists), after some time.
I understand that at the moment nothing has changed (yet), but in the future the drachma will be back, or won't it? is there a possibility of rations for example? (socialism at its worst ;-])
I know its not all bad yet, and it might never get as bad as that... but still.
Leaving euro zone, dropping euro... might not be such a bad thing in general, but the "how" is very questionable - I would say, and even more unknown is the behaviour of the drachma if it is re-instated, will it be stable?, devaluation? what will be the conversion rate?, especially with all the EU creditors pissed at the "untrustworthy" from their perspective - Greek gov. and or banks.
And my personal main interest is :-p, if Russia (or China maybe) will be involved in all this, as new creditors? :-]
PS: I hope my financial questions to Greek users, won't be misunderstood as "politics".
I am genuinely interested what is the plan...
(editado)
- I find this statement a bit strange, could you please elaborate - genuinely, how does it work?
How can there be lack of cash only for Greek people only? if there are queues of people taking out 60 euros each, then the ATM machines run out of cash, or don't they? in the longer-term banks go bust, and there is no cash for everyone, or change to give out (from Greeks to tourists), after some time.
I understand that at the moment nothing has changed (yet), but in the future the drachma will be back, or won't it? is there a possibility of rations for example? (socialism at its worst ;-])
I know its not all bad yet, and it might never get as bad as that... but still.
Leaving euro zone, dropping euro... might not be such a bad thing in general, but the "how" is very questionable - I would say, and even more unknown is the behaviour of the drachma if it is re-instated, will it be stable?, devaluation? what will be the conversion rate?, especially with all the EU creditors pissed at the "untrustworthy" from their perspective - Greek gov. and or banks.
And my personal main interest is :-p, if Russia (or China maybe) will be involved in all this, as new creditors? :-]
PS: I hope my financial questions to Greek users, won't be misunderstood as "politics".
I am genuinely interested what is the plan...
(editado)
Can you explain to me the obvious reasons please?
Difficult to say without making it political. But lets keep it with not enough money (is been posted already, a bank without money is a bank without money for everyone), not enough food (closed restaurants and bars), not enough medicines (pretty f***ed up when something happens to you on holiday), people and/or a government that can decide to start new actions and demonstration within days or weeks (a worst case scenario: right in front of your hotel), riots (an even worst case scenario) ... these kind of things, the things that are happening at the moment and/or a way too short while ago.
Difficult to say without making it political. But lets keep it with not enough money (is been posted already, a bank without money is a bank without money for everyone), not enough food (closed restaurants and bars), not enough medicines (pretty f***ed up when something happens to you on holiday), people and/or a government that can decide to start new actions and demonstration within days or weeks (a worst case scenario: right in front of your hotel), riots (an even worst case scenario) ... these kind of things, the things that are happening at the moment and/or a way too short while ago.
Greek banks down to €500m in cash reserves as economy crashes
The daily allowance of cash from many ATM machines has already dropped from €60 to €50, purportedly because €20 notes are running out :-]
Is this just scare mongering?
(editado)
The daily allowance of cash from many ATM machines has already dropped from €60 to €50, purportedly because €20 notes are running out :-]
Is this just scare mongering?
(editado)
Regardless of the yes/no referendum and regardless on who's to blame for the whole situation, I hope even Greeks realise their Prime Minister is not making himself/his country popular by not even putting any effort into new proposals.
Nonsense! Greece is not Germany, Spain, Italy ...
And here is the politics again :/
EDIT: It won't stop with weather, holiday and Greek food. This was to be expected.
(editado)
And here is the politics again :/
EDIT: It won't stop with weather, holiday and Greek food. This was to be expected.
(editado)
so, ...let's focus on the Greek financial aspect - living conditions in the near future for Greeks, an the possible impact (if any... I would add) on the rest of Europe. So far, the changes seem to always be slower that expected, its never as bad as we imagine, but it might just slowly get there... :-]
I think the media talk of the "domino effect" of Ireland, Portugal or Italy? following Greece, and the possible collapse of euro is very very over exaggerated... correct me if I am wrong?
I worry, that the only victims of this, in the longer term, will be middle-income, and poorer Greeks in the end. :-]
Personally I think that different currencies, are a good or even better idea (Swiss, UK, Norway, Poland), if - a very important if, the EU countries would put some measures to narrowing down the conversion differences, in essence do what is being do in the name of joining a currency like euro, without ever joining it - so that responsibility is not centralized, but shared on separate states.
It would save a lot of hassle, and waste of time on populistic bias against "socialist EU", especially in the countries on the outskirts of Europe, like exactly the countries that have problems now... Greece, Portugal, Ireland... (only Finland seems to be doing fine, so far) from the "cornered" European countries (cornered by Asian (China/Russia), Middle eastern, and the US stronger or growing markets).
(editado)
I think the media talk of the "domino effect" of Ireland, Portugal or Italy? following Greece, and the possible collapse of euro is very very over exaggerated... correct me if I am wrong?
I worry, that the only victims of this, in the longer term, will be middle-income, and poorer Greeks in the end. :-]
Personally I think that different currencies, are a good or even better idea (Swiss, UK, Norway, Poland), if - a very important if, the EU countries would put some measures to narrowing down the conversion differences, in essence do what is being do in the name of joining a currency like euro, without ever joining it - so that responsibility is not centralized, but shared on separate states.
It would save a lot of hassle, and waste of time on populistic bias against "socialist EU", especially in the countries on the outskirts of Europe, like exactly the countries that have problems now... Greece, Portugal, Ireland... (only Finland seems to be doing fine, so far) from the "cornered" European countries (cornered by Asian (China/Russia), Middle eastern, and the US stronger or growing markets).
(editado)
What I understood is that it is most probably exaggerated, but there is a possibility the moment Greece recovers from this financial crisis without the euro, others will consider doing the same as from that moment these other countries can have an alternative plan. But the question will be if a country recovered more quickly without the euro as they would have with the euro, it will probably be very difficult to find out and to find a person that can explain yes or no without (personal) interests.
But I think the Greek situation will get worse without the euro. I can't imagine other countries are willing to help another country that turned the back on them. And the financial markets will be hard for Greece, the moment they leave the euro the country has no back up and will be bankrupted immediately. Then Greece will need to print their own money but this money is worthless so import of goods is almost, if not completely, impossible. Maybe only businesses won't be that hard for Greece, as making money is the main goal and that can be a 'good' thing for Greece as Greece will be very cheap labor (I'm afraid that will be the moment Greeks have real reason to complain about being 'slaves of Europe' ...).
But I think the Greek situation will get worse without the euro. I can't imagine other countries are willing to help another country that turned the back on them. And the financial markets will be hard for Greece, the moment they leave the euro the country has no back up and will be bankrupted immediately. Then Greece will need to print their own money but this money is worthless so import of goods is almost, if not completely, impossible. Maybe only businesses won't be that hard for Greece, as making money is the main goal and that can be a 'good' thing for Greece as Greece will be very cheap labor (I'm afraid that will be the moment Greeks have real reason to complain about being 'slaves of Europe' ...).
Foreign VISAs have no limit in ATMs, supermarkets are full, there are farmacies in every neighbourhood (with medicines), the number of restaurants is ridiculously high (and full of people, at least here in Crete), demonstrations are peaceful and not SO often and mainly in front of the parliament (if you afford a hotel there then you can stay in the most luxurious one in any island).
So, most possible, nothing will affect a tourist, especially someone that chooses an all-inclusive package (that benefits very little the local economy, but you know).
(My Swedish ex is coming on September with no hesitation, whatsoever.)
So, most possible, nothing will affect a tourist, especially someone that chooses an all-inclusive package (that benefits very little the local economy, but you know).
(My Swedish ex is coming on September with no hesitation, whatsoever.)
I've deleted a couple of posts that were at least political tinted. Please refer from posting political content. It this can't be followed, this topic will be closed.
