Check Your Euro's

Discussion in 'Motorhome Chat' started by Portland, Jun 28, 2015.

  1. Portland

    Portland Funster

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    If Greece decides to default on its debt's and leaves the Euro will the Euro notes issued by them cease to be legal currency? If you have any I suggest you change them PDQ. You can tell by the letter at the start of the number which is Y on their notes.:cry:
     
  2. fastpat

    fastpat Read Only Funster

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    Scaremongering / perpetuating an urban myth. The Greek issued notes will remain as legal tender, hence why they're trying to get them out of the banks.
     
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  3. John & Joan

    John & Joan Funster

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    If that was the case the whole Euro setup is finished. I agree scaremongering.
     
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  4. mariner

    mariner Funster Life Member

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    Not going to happen.

    If it did the Euro would collapse, as it would indicate to the world, that note's value would be different, depending on which country issued it.

    I have in my possession 100 x €50 notes, and not one of them has a Y on it.



    :cooler:
     
  5. s20hymer

    s20hymer Funster

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    Made you look though . ???
     
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  6. robnchris

    robnchris Funster

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    Actually Portland have a point, we sailed over in Greece for years, Corfu being not too far from the Italian coastline was a couple of days sailing away yet when the first hint of Greece being in financial difficulties started a few people experienced the Greek euro not being accepted in Italy.

    So perhaps not scaremongering at all.
     
  7. fastpat

    fastpat Read Only Funster

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    Or perhaps the folk on the street had been told the same tale by the man down the pub? Take it to ANY European bank and they will accept it.
     
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  8. John Laidler

    John Laidler Funster

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    Whatever happens there will be a period in Greece when the two currencies, the Drachma and the Euro will run in parallel, the euro (wherever it is printed) won't suddenly vanish overnight in Greece. The overlap could be a year or so.
     
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  9. mariner

    mariner Funster Life Member

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    Purely, out of interest.:rolleyes:

    :cooler:
     
  10. bhs

    bhs Read Only Funster

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    Is it right to think that the closer Greece gets to a default situation the weaker the Euro will become?
     
  11. Portland

    Portland Funster

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    Perhaps I am being very pessimistic ,BUT BETTER TO BE SAFE THAN SORRY!!
     
  12. Judge Mental

    Judge Mental Funster Deceased RIP

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  13. mariner

    mariner Funster Life Member

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    But will it make Holidaying in Greece cheaper?

    That surely, is the question, we all should be asking!



    :cooler:
     
  14. fastpat

    fastpat Read Only Funster

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    Or better to perpetuate an urban myth / scaremonger! There is nothing unsafe in euros issued by any country remaining a valid currency - apart from them being worth less - but that will be the same regardless of the issuing country.

    To state otherwise regarding euros from specific issuing states loosing status as legal tender shows a lack of understanding of the fundamental principals of currencies. If that's your position I would suggest you get shot of any dollars and sterling and buy gold.... but you might get some funny looks when you do your weekly shopping.
     
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  15. John Laidler

    John Laidler Funster

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    I suspect not, currency rates tend to anticipate future changes so the market rate today probably represents what will happen if/when they decide to leave. Take the weaker economies out of the EU and the Euro would follow the Swiss Franc and soar.
     
  16. John Laidler

    John Laidler Funster

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    Probably, after the dust has settled. :)
     
  17. mariner

    mariner Funster Life Member

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    "Thinks" I wonder if overwintering in Greece is viable.:laughing:


    :cooler:
     
  18. John Laidler

    John Laidler Funster

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    Not with the weather unless you go to southern Crete - which should be pleasant - but keep your eyes peeled for boatloads of immigrants!
     
  19. Mattyjwr

    Mattyjwr Funster Life Member

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    Was it you rummaging through my bonfire lighting stuff?
     
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  20. richr

    richr Funster

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    Thats a thought

    Wonder what would happen with illegal migrants going to Greece, wonder what they would do them :confused:
     
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