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Greeks on spending spree .....
MrRee_2
Posts: 2,389 Forumite
... the Greeks are spending money on goods like it's going out of fashion, which, for them, it is!
What would you buy if the £ was about to go down the toilet?
Big TV? Furniture? Aston Martin? What would you convert your (soon to be worthless) cash into?
What would you buy if the £ was about to go down the toilet?
Big TV? Furniture? Aston Martin? What would you convert your (soon to be worthless) cash into?
Bringing Happiness where there is Gloom!
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Comments
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Their cash, if it's in Euros, won't be worthless if they can get it out of their bank.
I'm betting most of the rich people have already moved their money elsewhere.0 -
This makes no sense.Left is never right but I always am.0
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Did I miss some kind of announcement?0
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Of course, the rich Greeks have bought London properties and suchlike.Bringing Happiness where there is Gloom!0
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But the euro isn't going down the toilet.even if they moving to the dracma the euro would still be valuableLeft is never right but I always am.0
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Someone close this thread0
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But the euro isn't going down the toilet.even if they moving to the dracma the euro would still be valuable
The only Euros with any value are those you can spend. A Euro in cash is worth more than one you can't get out of the bank
I assume Greeks are hoarding as much cash as possible and using debit cards to spend.
Carphone Warehouse aren't complaining although they might be if they can't ship the money out of the Greek banking system quick enough.Dixons Carphone has reported a 21% rise in profits, in part helped by Greeks panic buying big-ticket items such as large-screen TVs as a safe haven for their cash amid the ongoing economic crisis in the country.
http://www.theguardian.com/business/2015/jul/16/dixons-carphone-profits-rise-21-per-cent-amid-greek-panic-buying
Surely they could buy something which was a better store of wealth than a big telly.0 -
Surely they could buy something which was a better store of wealth than a big telly.
That's exactly what I thought too, better to buy two big tvs.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 stop0 -
You can fit much more cash / drugs in the old crt typeLeft is never right but I always am.0
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