kiwing100 Posted July 8, 2015 Share Posted July 8, 2015 Was listening to a Bloomberg news report from a reporter on the ground in Athens, yesterday. A couple of interesting comments. The reporter noted some behaviour by Greeks given current circumstances; 1. Some Greeks are maxing out their credit cards and buying TV's, electronic items (perhaps in fear that these imported items will become more expensive if Greece leaves single currency). It seems that they believe that if the Greek banks go bankrupt, or if Greece leaves the Euro single currency, they believe that they will not have to pay the amount back to the bank ... (or to offset against their bank balance which they are unable to currently access) 2. Greeks are buying Rolexes, jewellery as a store of value, in the event that Greece leaves the single currency union. Link to comment Share on other sites More sharing options...
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