ST Alpha - "I don't understand currencies at all. Not one iota. But: "Reverting to Drachma May Send Greek Currency at Least 40% Lower" -- (link)" (Reading a Post)

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I don't understand currencies at all. Not one iota. But: "Reverting to Drachma May Send Greek Currency at Least 40% Lower" -- (link)

Posted by ty97 Jun 29 '15, 11:57

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link (www.bloomberg.com)

Responses:

If Greece has its own currency, it's guaranteed by the Greek government - which is about to default on its creditors -- (edited) - Roger More Jun 29, 12:00
not that i wish economic ruin on an entire nation to save a few euros, but.... -- nm - Andie Jun 29, 11:59 5
- The exchange rate benefits will probably be offset by inflation :( -- nm - Roger More Jun 29, 12:01 2
  - there's that. i think at this point we've pretty much resigned ourselves to dealing in cash-euros while there. -- nm - Andie Jun 29, 12:02 1
    - Canadian Tire Money! -- nm - Reagen Jun 29, 12:04
- Andie's needs! -- nm - jangles Jun 29, 12:00 1
  - i mean, obviously. -- nm - Andie Jun 29, 12:00
If they're on the Euro, its value is tied to the union as a whole. The drachma rises and falls on Greece's economy alone -- nm - jangles Jun 29, 11:59 1
- more accurately, Greece's ability to pay back debts - Reagen Jun 29, 12:01

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