Posted on 05/15/2012 10:42:07 PM PDT by Olog-hai
An online travel company has advised worried holidaymakers to 'get rid' of their Greek euros in case the crisis-hit country leaves the single currency.
As German Chancellor Angela Merkel conceded for the first time that Greece could be forced to quit the euro, DialAFlight warned travelers that their Greek euro notes could become worthless.
However, while some experts predict that Greece could leave the single currency within weeks, there has been no official acknowledgement that their euro notes would become worthless.
The blog post on the company's websitewhich has since been removedwas advising Britons to check the origin of their euro notes, saying that Greece could use them as an interim currency while new notes are being printed.
It used an example of Czechoslovakia devaluing its currency 20 years ago, when it rubber-stamped all notes overnight so they could be used while a new currency was printed.
The operator questioned whether other European countries will still accept Greek euros if the country is no longer officially part of the currency and said Greek notes are easily identifiable by their serial number.
A spokesperson for ABTAThe Travel Associationsaid: "A euro is a euro regardless of where it is printed. If Greece were to leave the euro, nobody can predict 100 percent accurately all the effects this might have, but it is safe to say that there would be a transition period when you would still be able to pay with euros in bars and restaurants, as is common in many countries where currencies such as the euro or dollar are accepted in parallel to the local currency."
(Excerpt) Read more at dailymail.co.uk ...
I couldn’t think of anything else that would be similar; the currency is all backed by the same central authority, and I thought of the “S” mint mark because CA is in such bad shape.
Love the user name; Christians should celebrate the anniversary of the battle of Tours annually (I do in my own way for Lepanto every October 7, with alcohol and pork products).
That went out the door when Germany and France violated the standard in the early 2000s.
Looks like they are at Stage 5:
1) Denial: Greeks leave the Euro? Surely you jest!
2) Anger: Why do you even spread such nonsense! You will spook the markets!
3) Bargaining: Look, we'll lend you millions of Euros if you stay with us.
4) Depression: What went wrong? We helped them out in every way we could. We see no way out. Maybe another loan . . .
5) Acceptance: German chancellor Angela Merkel conceded for the first time that Greece could be forced to quit the euro
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