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

**JackieC** · 06-18-2012, 01:10 AM

Chris, don't forget that there's widespread corruption and tacx avoidance in significant parts of these countries - that's one of the main reasons they've ended up in this situation - as such, I would expect a thriving black market to develop as those still holding Euros would be able to negotiate better prices than the local, devalued currency.

06-18-2012, 01:10 AM	#10
JackieC Join Date Oct 2005 Posts 416 Senior Member	Chris, don't forget that there's widespread corruption and tacx avoidance in significant parts of these countries - that's one of the main reasons they've ended up in this situation - as such, I would expect a thriving black market to develop as those still holding Euros would be able to negotiate better prices than the local, devalued currency.
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