Greeks vote NO, page-3

  1. 2,317 Posts.
    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.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.