The Greek Economy

[Copper Catcher]

http://www.youtube.com/watch?v=rK0De210 ... ure=relmfu

[Mooski]

All I know is that Greece is in trouble if they get kicked out of the Euro.

They import 30% of their food, most of their fuel, and have little manufacturing.

So if they have to go back to the Drachma, imports will dry up and they'll have very little to offer for export.

I'm a bit gunshy about going to Spain in a couple months with their 25% unemployment, and if "Drachmageddon" hits, who'd want to be a tourist during that?

Another bad thing is if it does hit, I think that the Euro will fall vs the USD. I'm looking to sell silver for this summer and I'm hoping it won't affect precious metal prices..

/My 2 cents

[fb101]

If Greece gets kicked out the Euro will likely rise if anything (barring other news of the day)

[Beau]

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I think if the Euro is not in use there the Drachma will be and not for long.
even if they took the dollar they would still be in deep trouble for a long time, if not forever.
I see some bad times comming for all money of any kind.


GOOD LUCK Beau


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