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tweetiepooh · 29-06-2015, 11:28

So Greece can return to a situation where if they need foreign money, they devalue their currency, get lots of tourists bringing lots of nice mullah. Most transactions in cash so the people keep the money, spend it locally and eventually it all works it's way out.

Being in the Euro prevented them doing that so as a Mediterranean nation with a very different outlook and economy to countries in the North they got really stuck.

29-06-2015, 11:28	#1683
tweetiepooh Virgin Media Employee Join Date: Sep 2005 Location: Winchester Services: Staff MyRates BB: VM 1Gb TV: VM XL Phone : VM XL Posts: 3,332	Re: Eurozone will collapse... So Greece can return to a situation where if they need foreign money, they devalue their currency, get lots of tourists bringing lots of nice mullah. Most transactions in cash so the people keep the money, spend it locally and eventually it all works it's way out. Being in the Euro prevented them doing that so as a Mediterranean nation with a very different outlook and economy to countries in the North they got really stuck. __________________ I work for VMO2 but reply here in my own right. Any help or advice is made on a best-effort basis. No comments construe any obligation on VMO2 or its employees.