topic Re: Greek drama in Community Spirit

Greek drama

amalan11 — Mon, 29 Jun 2015 09:49:56 GMT

Is anyone affected by the drama in Greece ? It seems like they will default , I work in a currency exchange and people are frantically getting euro. Apparently the banks over there are all closed for a week and people can only take out €60 from autotellers .

I feel sorry for Greek people I heard today that if they default they will likly go back to the Drachma and they would loose 90% on their euros exchanging them ..... it sounds a nightmare pensions ect will not be paid as the gov will have no money and it will send the country into a deep recession.

Our stockmarket is being decimated already

Re: Greek drama

the_bob_delusion — Mon, 29 Jun 2015 09:57:21 GMT

@amalan11 wrote:
Is anyone affected by the drama in Greece ? It seems like they will default , I work in a currency exchange and people are frantically getting euro. Apparently the banks over there are all closed for a week and people can only take out €60 from autotellers .
I feel sorry for Greek people I heard today that if they default they will likly go back to the Drachma and they would loose 90% on their euros exchanging them ..... it sounds a nightmare pensions ect will not be paid as the gov will have no money and it will send the country into a deep recession.
Our stockmarket is being decimated already

I'm pretty dense in economy. How will it affect us?

Re: Greek drama

amalan11 — Mon, 29 Jun 2015 10:08:35 GMT

At the moment just our stockmarket is being damaged from what I hear. Im wondering how greek people on pensions will go I guess more will move back. We also do Western Union and we pay out a lot of pention payments from Europe . It may cause a huge problem if there is a ripple effect and several countries leave the Euro but our goverment says we are well protected as our economy is good so who knows? I remember hearing years ago that melbourne had the biggest greek population outside of Athens and lots in Sydney too .

Re: Greek drama

the_bob_delusion — Mon, 29 Jun 2015 10:12:59 GMT

DOes that mean it's a cheap holiday destination if things are 90% off?

Re: Greek drama

amalan11 — Mon, 29 Jun 2015 10:42:50 GMT

I think it would be somewhere to avoid if the problem is not fixed,I remember a few months ago when it looked like they would default Brittan had some military plan to evacuate its citizens if expected riots broke out .

On the news the expert said greeks who have money in the banks which isnow Euros will only get 1 drachma for 10 euros so I guess thats why riots may break out .

I just can't imagine a situation like that where you loose 90% of your money in a bank account .

Re: Greek drama

lyndal1838 — Mon, 29 Jun 2015 14:39:39 GMT

@amalan11 wrote:
Is anyone affected by the drama in Greece ?
Our stockmarket is being decimated already

Says it all for me. My bank shares in particular have fallen quite dramatically in the last week or so and I am afraid to look at the closing prices today.

Re: Greek drama

this-one-time-at-bandcamp — Mon, 29 Jun 2015 18:23:38 GMT

It's not a Greek drama......it's a Greek Tragedy.........

Re: Greek drama

serendipityricho — Mon, 29 Jun 2015 20:05:51 GMT

Whats the capital of Greece?

.................about 100 drachma......................................................Richo.

Re: Greek drama

lurker172602 — Mon, 29 Jun 2015 22:05:38 GMT

I had a message from a friend who is holidaying on the Greek Islands atm. She said the Greeks are taking it all in their stride, joking about it, & enjoying life!! They had one guy tell them that he has not banked anyone's money for 4 years so he has full access to it

Re: Greek drama

gleee58 — Tue, 30 Jun 2015 03:11:46 GMT

@amalan11 wrote:
At the moment just our stockmarket is being damaged from what I hear. Im wondering how greek people on pensions will go I guess more will move back. We also do Western Union and we pay out a lot of pention payments from Europe . It may cause a huge problem if there is a ripple effect and several countries leave the Euro but our goverment says we are well protected as our economy is good so who knows? I remember hearing years ago that melbourne had the biggest greek population outside of Athens and lots in Sydney too .

Most Greek people I know have been sending or taking money to Greek rellos for the past few years.

Mind you it could just be a good excuse for party time with friends and family 😄

Re: Greek drama

icyfroth — Tue, 30 Jun 2015 04:18:37 GMT

Here's what I read while I was overseas:

the banks should close and reorganise everything back into their drachma.

open again and accept euro currency to the value of drachmas until euros are out of circulation.

The drachma will devalue, making imports too expensive for the greeks who will turn to locally made goods and produce. this will kick-start production and create emplloyment. Their exports will be cheap and encourage the market.

The drachma over time and the money that's been taken out of the banks and hoarded elsewhere will begin to come back into circulation and hey presto!

The greeks will have a sovereign economy back.

Spain, Portugal and Italy will probably follow suit.

Re: Greek drama

youcandoityoucandoityoucandoit — Tue, 30 Jun 2015 04:58:57 GMT

There needs to be lessons learned.

Greece needs to leave the EU, stop using Euros and getting subsidies from the other countries in the EU and be forced to go into recession.They need to reestablish their separate currency and grow from the inside..without outside help.

Otherwise this will happen again and again and it could happen to other smaller countries in the EU- eg Portugal or Italy..but it seems Greece is being dealt with toughlove so as it stands as a warning to other countries that they need to pull their weight to continue within the EU...

(but I think they are expecting other EU countries- read Germany, to bail them out- theres not much point in this, as they will most probably default any loan- they wont grow their economy quickly enough)

Re: Greek drama

baybizz — Tue, 30 Jun 2015 06:52:41 GMT

See my comments on this thread:

www.community.ebay.com/Soapbox/Greece/23649772

(you need to be signed in to read the thread in the correct time order)

The Great EU Deception:

www.irishdemocrat.co.uk/the-great-eu-deception/

Re: Greek drama

youcandoityoucandoityoucandoit — Wed, 01 Jul 2015 01:11:08 GMT

an update..

http://www.wsj.com/articles/some-greek-banks-to-open-for-pensioners-1435653433

Re: Greek drama

icyfroth — Sun, 05 Jul 2015 23:36:09 GMT

Update:

Greece Says No

Re: Greek drama

donnashuggy — Mon, 06 Jul 2015 01:36:37 GMT

My son is in Athens at the moment, he sent me this yesterday, the ATM's lines are like this day and night.

Re: Greek drama

baybizz — Mon, 06 Jul 2015 03:52:28 GMT

Either the EU paymasters, Germany (and its taxpayers), will say "enough", and cut off further loans to Greece (and Greece will be forced to reclaim its own currency back), or the EU leaders' fear of the Euro obsession being unmasked for the sham it is will ensure that the cash continues to flow to Greece. Greece's leadership is betting that the cash will continue to flow. We shall see...

The EU faces Greek democracy in theGreat Euro Poker Game...

https://www.youtube.com/watch?v=qDrhBxKRfdo

The truth about the disastrous euro currency...

"Poor Greece, trapped inside the economic prison of the

euro currency union...

"You are very dangerous people indeed. Your obsession with creating this euro State means that you are happy to destroy democracy. You appear to be happy for millions and millions of people to be unemployed and to be poor. Untold millions of people must suffer so that your euro dream can continue...

- Nigel Farage, UK Independence (from Europe) Party (UKIP)...

https://www.youtube.com/watch?v=w8T6vQmhlNg

Re: Greek drama

icyfroth — Mon, 06 Jul 2015 04:50:40 GMT

great video thanks Bay!

Re: Greek drama

amalan11 — Mon, 06 Jul 2015 09:35:53 GMT

It was interesting they chose no ... im very curious as to whether it will work for them and Europe will give them more money or will they be left with no money. Realy if you refuse to pay a loan back the lender is crazy to give you more so interesting times

Re: Greek drama

icyfroth — Mon, 06 Jul 2015 09:45:38 GMT

Nah they've had enough time to formulate a Plan B. So has the rest of the share market.

I reckon Greece will crank up the old drachma printing machine.

Either that or ally itself with Russia and the BRICS nations. Get money off them.