DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Greeks, Spaniards withdraw euros by the billions!

**Mowselelex** · 06-17-2012, 07:22 AM

Link -
http://www.cbsnews.com/8301-500395_1...ctionContent.9
http://www.usnews.com/news/world/art...urozone-crisis

I'm unsure whether it would be the wisest or most prudent of decisions,to risk my life saving stuffed under my mattress.However I'll definitely wouldn't chance any eurozone government insurance policy,if the banks suddenly busted neither.The Greeks are set to vote on June 17th,will this be the start of a domino effect for the eurozone.

Greek vote could unleash seismic shocks for euro -
http://www.reuters.com/article/2012/...8HFEY320120616

They are pulling out money because they want Euro's, not because they are worried about insurance. When they switch back to the drachma, and then the next day the drachma falls to half the value of the Euro, you don't want the Greek Government replacing your Euro's with the drachma's on a 1-1 basis. I wouldn't, at least.

06-17-2012, 07:22 AM	#3
Mowselelex Join Date Dec 2005 Posts 430 Senior Member	Link - http://www.cbsnews.com/8301-500395_1...ctionContent.9 http://www.usnews.com/news/world/art...urozone-crisis I'm unsure whether it would be the wisest or most prudent of decisions,to risk my life saving stuffed under my mattress.However I'll definitely wouldn't chance any eurozone government insurance policy,if the banks suddenly busted neither.The Greeks are set to vote on June 17th,will this be the start of a domino effect for the eurozone. Greek vote could unleash seismic shocks for euro - http://www.reuters.com/article/2012/...8HFEY320120616 They are pulling out money because they want Euro's, not because they are worried about insurance. When they switch back to the drachma, and then the next day the drachma falls to half the value of the Euro, you don't want the Greek Government replacing your Euro's with the drachma's on a 1-1 basis. I wouldn't, at least.
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