Well- Should I holiday in Greece??!!

Doshwaster

jhe wrote: »

http://www.almanzoraforum.com/index.php?topic=1935.0
also if you change at home ask for low denomonation notes so you are not changing a high note in greece and getting greek euro notes in change

There really is no such thing a "Greek Euro note". A Euro note is a euro note and is worth the same in every country.

blacksta

Doshwaster wrote: »

There really is no such thing a "Greek Euro note". A Euro note is a euro note and is worth the same in every country.

Agree 100 %

jhe

Doshwaster wrote: »

There really is no such thing a "Greek Euro note". A Euro note is a euro note and is worth the same in every country.

true at the minute.
i was quoting what the travel expert advised on radio 2 today.
serial number with Y is printed in greece

Doshwaster

jhe wrote: »

true at the minute.
i was quoting what the travel expert advised on radio 2 today.
serial number with Y is printed in greece

I've heard this mentioned but I really don't see what their point is. Even if you bring back "Greek" Euro notes you can still use them in other countries or change them into Sterling. A €20 note is worth €20 regardless of what the serial number starts with.

The only way I'd be worried is if I had Euros in a Greek bank account.

jhe

just incase they do have a point though it might be safer to have euros printed other than in greece.
i am no expert but if greece was to opt out of the euro i am not sure where we stand if we have greek euros in our possesion,
if the currency in greece was no longer euro would that mean greek euro would still legal tender?

peachyprice

jhe wrote: »

if the currency in greece was no longer euro would that mean greek euro would still legal tender?

Of course it would. Again, there is no such thing as a 'Greek Euro'. A euro is a euro is a euro, regardless of where it happens to have been made.

It will still be valid in all other euro countries, otherwise you would only be able to spend € in the country they are made, so you wouldn't be able to spend Spanish ones in France or French ones in Italy, which would negate the whole point of having a single currency.

Itismehonest

The point Calder was trying to make is that existing Euros in circulation in Greece would be marked, in the short term, in some way so that they had a worth relevant to any devaluation in Greece's economy. In other words, instead of having to suddenly come up with new printed notes (eg new drachma) there would be a Greek Euro which would not have the same value as the Euro in other countries.

Example (should this happen) - You have a 50 Euro note. You spend 20 Euros in a Greek shop & are given 30 of the newly marked 'Greek' Euro. When you come to exchange these Euros or should you want to spend them in another Eurozone country they will not have the same value.

His advice was to take plenty of small denomination Euro if going to Greece in order that you don't get caught out & because it is becoming a cash society where cards are being refused.

jhe

peachyprice wrote: »

Of course it would. Again, there is no such thing as a 'Greek Euro'. A euro is a euro is a euro, regardless of where it happens to have been made.

It will still be valid in all other euro countries, otherwise you would only be able to spend € in the country they are made, so you wouldn't be able to spend Spanish ones in France or French ones in Italy, which would negate the whole point of having a single currency.

ok, i genuinely dont know the answer so not trying to contradict anyone
but the countries eg spain, france, italy are all in the euro zone as greece is at the moment, if greece opts out it is will no longer be in the euro zone.
notes printed with X germany,Y greece etc represent those countries, there must be a reason for this.otherwise there would be euro notes without the specific serial numbers that identify countries.

Katiehound

I also heard the Jeremy Vine show but with only half an ear!! Whoever it was (sorry didn't hear their name) was suggesting that you also had some pounds and even dollars with you as hard currency will be welcomed particularly. Do not rely on plastic as IF it happens banks will be out of action for several days and you will be short of cash.
If the Greeks pull out then euro notes are likely to be over printed with say a 'D' for drachma and then they will not be the same value anymore!
Advice given was go for it , also as the euro is having a shaky moment at present the exchange rate for sterling is improving.
Tourists are likely to be welcomed with open arms.

Doshwaster

Itismehonest wrote: »

The point Calder was trying to make is that existing Euros in circulation in Greece would be marked, in the short term, in some way so that they had a worth relevant to any devaluation in Greece's economy. In other words, instead of having to suddenly come up with new printed notes (eg new drachma) there would be a Greek Euro which would not have the same value as the Euro in other countries.

Example (should this happen) - You have a 50 Euro note. You spend 20 Euros in a Greek shop & are given 30 of the newly marked 'Greek' Euro. When you come to exchange these Euros or should you want to spend them in another Eurozone country they will not have the same value.

His advice was to take plenty of small denomination Euro if going to Greece in order that you don't get caught out & because it is becoming a cash society where cards are being refused.

Well, I respect Calder as a travel expert but I doubt he knows any more about the legal, financial and practical processes of dropping out of the Euro than you or I do. All this about "Greek" Euros being "marked" is pure speculation.

Not relying on cards is reasonable advice just as it is for travelling in a country with an unreliable banking system.