Posted on 07/09/2015 1:12:40 PM PDT by Kartographer
Greeks spend in droves, afraid of losing savings to a bailout
Business has been so brisk in the giant Kotsovolos appliance and electronics store in this upper-middle-class suburb of Athens that you might think a sale was on.
But, no. It is panic buying, those who work here say. Increasingly concerned that greater economic trouble lies ahead of them, and limited in how much cash they can take out of banks, Greeks have been using their debit cards to buy ovens, refrigerators, dishwashers anything tangible that can hold its value in troubled times.
We have sold so much, said Despina Drisi, who has worked in the store for 12 years. We even sold display models. People have been pulling at my sleeves. Were spacing things out now to cover the holes on the shelves.To the casual observer, the bustle of everyday life looks unchanged here. Greeks, many of whom long ago traded in their cars for cheaper motor scooters, clog the streets at rush hour on their way to and from work. Tourists pack the Acropolis. Friends meet, greet and sit in cafes, looking for shady spots against the heat.
(Excerpt) Read more at zerohedge.com ...
This. They'll never be able to purchase imported big ticket items like appliances with Drachmas. Buy 'em now while you can.
On the daily embarrassment of seeming to be an idiot, what is TP? I’m not that into prepping. I just collect some food staples and can lots of stuff.
They still have newspapers don't they? :^)
In all the economic crash I have observed there was never one that at some point food, clean water, utilities and basics were not either very hard or sometimes impossible to get.
Yes, booze. From reading Eleni, the story of a Greek woman caught between the Nazis and the Commies, aspirin must be important. That became a problem when her daughters were ill.
This just in: Greek newspapers running out of paper
http://news.yahoo.com/just-greek-newspapers-running-paper-160821934—business.html
If you can’t protect it you don’t own it.
antibiotics and pain meds
Toilet paper
ούζο!!
I have friends in Greece...they know what to buy and store.
The only dumb question is the one not asked.
It’s age old and very common.
>>But if you cant pay the electric bill what good are electric appliances?
Socialist, and even communist, governments have a vested interest in keeping the utilities turned on and flowing to the people. Unless they are insane like the NorKs, they also need to keep the people fed, their butts wiped, clothed, sheltered from the elements, and moving back forth to work. Maslov works in any type of economy.
Life after an Economic Collapse: The same only Worse Part I
https://www.youtube.com/watch?v=x545Fj4Vxo0&feature=youtu.be
Life after an Economic Collapse: The same only Worse Part II
https://www.youtube.com/watch?v=VzUwYFRh4NI
I like FerFal. I believe we will see hybrid outcomes somewhere between Selco and him.
>>The same only Worse
That’s my point. It isn’t Mad Max or a return to the 16th century. Its just empty shelves and lines at first.
>>Somebody should explain that to Venezuela’s Maduro.
Latin America. Nuff Said. Europeans are more willing to work when the TP starts running out. Greece has not learned that lesson yet because, like every other socialist nation in the Eurocrapzone, they haven’t hit bottom yet.
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