Tourism has already dropped off with the capital controls. Maybe the tourists will have to barter like the locals for food and accommodation.
Like normal I don't think the Greeks have thought this out well. They will survive but the next 5 years will be hell if they end up defaulting and leaving the EZ. An extremely competent government would struggle to recapitalise the banks and bring back a currency that hasn't been used for over a decade. This government has no chance at getting it anywhere near right. Wait for them to raid the savings and pension funds first. Then tax anything that has a pulse. See how popular they are after all that.
German futures down close to 4%, FTSE 2%. Could be a very interesting week.
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