Greek Referendum

[Sy-Revolution]

I've got my boat in Aigina (Jordans boat yard) for the winter. The bill has been agreed in euros. Should I be worried about the Greeks voting 'no' and leaving the euro?

Should I pay up whilst they're still in or leave it and cough up in neo-drakmas?

Are there any rumblings about changing the rules on the yacht tax?

Cheers,

C.

 

[charles_reed]

I would leave well alone.

It's unlikely Papandreou will retain his majority and get as far as a referendum, BUT if they do go out of the € and have a 1:1 for drachmi AND the yard doesn't insist on you paying in €, you could be better off.

A long chance, but little probability of you losing out.

 

[pelissima]

I would leave well alone.

It's unlikely Papandreou will retain his majority and get as far as a referendum, BUT if they do go out of the € and have a 1:1 for drachmi AND the yard doesn't insist on you paying in €, you could be better off.

A long chance, but little probability of you losing out.

No need to worry.
Papandreou is about to step down.
It is a matter of a few hours if not minutes.
He managed the unthinkable.
To have all -but ALL - Greeks against him.

 

[vas]

No need to worry.
Papandreou is about to step down.
It is a matter of a few hours if not minutes.
He managed the unthinkable.
To have all -but ALL - Greeks against him.

+1
he's such a f***ing idiot, should definitely go for the Darwin awards cannot imagine loosing that prize (although as I said, he's just so dumb he may fail even there...).

regarding the OP, no matter what, you wait, if we switch to neo-whatever-drachma it wont be on the original 375 drx to euro rate, so you'll be definitely better off
Doubt it will happen though.

Vassilis

 

[Sy-Revolution]

Thanks......

C.

 

[charles_reed]

+1
he's such a f***ing idiot, should definitely go for the Darwin awards cannot imagine loosing that prize (although as I said, he's just so dumb he may fail even there...).

regarding the OP, no matter what, you wait, if we switch to neo-whatever-drachma it wont be on the original 375 drx to euro rate, so you'll be definitely better off
Doubt it will happen though.

Vassilis

In fact his stock appears to have risen, amongst the Greeks I've been talking to, as a result of the announcement.However it might be the bounce-effect...

 

[Darkmyst]

IMHO, he been very clever, Greece would be better going bankrupte, Italy, and others would follow.

There is a rumor in the financial circles, that Germany has infact, just been printing more money. If true, we have alot more **** to follow.

 

[Carmel2]

The Greek referendum on the the eurozone bailout plan has been scrapped.

 

[Chris_Robb]

In fact his stock appears to have risen, amongst the Greeks I've been talking to, as a result of the announcement.However it might be the bounce-effect...

No he's not...... yes he is...... behind you! Latest news is that he has not resigned (17:00 GMT)

 

[Crabman]

So do you think its worth buying drachma franks and leira yet. I do not understand , if countries have vast debts surely the euro can not work under one roof.

 

[Darkmyst]

So do you think its worth buying drachma franks and leira yet. I do not understand , if countries have vast debts surely the euro can not work under one roof.

I wonder if Papandreou has throw a no ball.

 

[sailorman]

I wonder if Papandreou has throw a no ball.

that wouldnt be cricket would it

 

[Roberto]

Papandreou and this Greek referendum yesnoyesnoyesno stuff... case study for "Insider trading: how-to" course

 

[Crabman]

I would not worry about Greece have a look at this
http://www.mint.com/blog/trends/the-worlds-biggest-debtor-nations-102011/

 

[jneale]

Ooops

 

[charles_reed]

I would not worry about Greece have a look at this
http://www.mint.com/blog/trends/the-worlds-biggest-debtor-nations-102011/

Of course there is a great difference between having a large debt and being insolvent.

Many of the countries in the list are there because foreign investors WANT their debt - they're seen as safe havens.
A typical peice of American dumbing-down misinformation - lets hope not too many are gullible enough to be taken in - or next they'll have a man calling on them to buy the Brooklyn Bridge.

 

[Sy-Revolution]

Absolutely, you have to look at what the interest rates are on those %

C.

 

[Polux]

I would not worry about Greece have a look at this
http://www.mint.com/blog/trends/the-worlds-biggest-debtor-nations-102011/

Who is CNBC. com?

That data is not true and does not make any sense.

http://en.wikipedia.org/wiki/List_of_sovereign_states_by_public_debt

You guys rely believe in everything you find in internet?

 

[AndersG]

Who is CNBC. com?

That data is not true and does not make any sense.

http://en.wikipedia.org/wiki/List_of_sovereign_states_by_public_debt

You guys rely believe in everything you find in internet?

The cnbc article is about external debt while you linked to an article about public debt!

 

[Dig]

Its plain to see the EU has failed and the sooner they face up to it the better, no good just keep trying to cover it up, lets go back to the common market.