Quote:
Originally Posted by Kavvy
I don't get this either.
If i am a Greek, and I have 10 Euro's, those 10 euros are not worth less now then before, which this sort of implies.
Money shouldn't be converted, they should introduce their own currency, but all private monies should stay in the currency.
The USD I have in my USD savings account don't get converted to CAD because I am here, to my mind, same thing.
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If they were to do this, the Greek Banks would probably be forced to put a halt on Euro accounts and force the people into a 1 to 1 Drachma conversion.
But then when the Drachma currency becomes public tender and plunges to that 10 cents on the dollar so to speak. If I'm a business that Imports materials I am literally hyper inflating that cost 10 fold.