Friday, July 3, 2015

Greece - the future

Following my own, personal knowledge the future of the Greece could be following:
-> lets presume that Greek people will say no or their yes will be understood as no :)

1. There will be not ATM on next week to open with EUR there

2. The new currency, call it Drachma (so it can continue the name) will be announced 1:1 to EUR. Therefore no Greek will loose his/hers savings. In the moment of the opened ATM there will be Drachma 1:1 to EUR
 
3. People will, automatically, try to sell the drachma to EUR. The problem will be, that first the government needs to have some cash to pay it's dues from international trade and financial marketa/

4. The move of finance will be released around 9:10

5. The value of the Drachma will fall down to 2 Drachma for 1 EUR

6. Al Greeks will be hungry for EUR and will purchase EUR from their accounts

7. The value of Drachma will fall to 3 Drachma for 1 EUR.

Therefore it is not a good time to get to Greece in short term. Prices will jump, both in EUR and in local currency. People will ask you for the money on the street and try to sell u as much as possible.

Also a local government will fall and there will be run on Mr. Tsipras government.

-> than the only solution for the government of Greece now is to accept the EU measures. As I presume they want to keep their chairs and show they had done all they could.

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