Debate House Prices


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Greece...

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Comments

  • purch
    purch Posts: 9,865 Forumite
    ciaccino wrote: »
    Because the loss in confidence in fiat currencies started only after 2008. It's a relatively new feeling.

    Did it ?

    I guess you didn't even understand what a Fiat currency was until very recently, in fact I am pretty certain you still don't understand.
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • michaels
    michaels Posts: 29,133 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    purch wrote: »
    I have been topping up my FairFx Card every time it goes above 1.3750. So far it keeps bouncing off that level, but it'll probably bust above 1.40 if the brown stuff hits the whatjeme call it.

    Alternatively the more dodgy countries that leave the EUR the stronger it might get!
    I think....
  • TheBlueHorse
    TheBlueHorse Posts: 176 Forumite
    we have to trade in Fiats now? !!!!!!. I'll have two Punto's and a Cinquecento.
  • antrobus
    antrobus Posts: 17,386 Forumite
    TheBlueHorse wrote: »
    we have to trade in Fiats now? !!!!!!. I'll have two Punto's and a Cinquecento.

    Actually, if you were Greek, withdrawing all your Euros from your bank account and spending it all on some Fiats might not be a bad idea. In the event of a Grexit, even if you can't sell the Fiats, at least you'll be able to rent them out to the flood of tourists arriving as a result of the new devalued drachma.
  • BlondeHeadOn
    BlondeHeadOn Posts: 2,277 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    TheBlueHorse wrote: »
    we have to trade in Fiats now? !!!!!!. I'll have two Punto's and a Cinquecento.


    Make mine a Panda ......


    :D
  • RJP33
    RJP33 Posts: 339 Forumite
    antrobus wrote: »
    at least you'll be able to rent them out to the flood of tourists arriving as a result of the new devalued drachma.
    You don't think they'd peg the Drachma to the Euro for many years?
  • BlondeHeadOn
    BlondeHeadOn Posts: 2,277 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    From the Guardian website, which has had rolling news on the Greek talks all day:


    http://www.theguardian.com/business/live/2015/jun/18/greek-crisis-eurozone-finance-ministers-merkel-live


    So that's all good then.....


    :cool:
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    edited 18 June 2015 at 6:28PM
    BlondeHeadOn wrote: »
    From the Guardian website, which has had rolling news on the Greek talks all day:


    http://www.theguardian.com/business/live/2015/jun/18/greek-crisis-eurozone-finance-ministers-merkel-live


    So that's all good then.....


    :cool:

    For all the tough talk, looks like the EU is going to blink first. Seems a 12 month bailout extension and further loans could be on the cards - one of them to pay the existing payments on the loans this month.

    Hard to keep blaming the Greeks when the EU carries on extending. On saying that - they might not yet.
  • lvader
    lvader Posts: 2,579 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    RJP33 wrote: »
    You don't think they'd peg the Drachma to the Euro for many years?

    Only countries with large reserves can peg currencies, not bankrupt ones.
  • chucknorris
    chucknorris Posts: 10,793 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    BlondeHeadOn wrote: »
    Make mine a Panda ......


    :D


    I'll see your Panda and raise you an 850!
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
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