STEVE.W wrote:mouche wrote:STEVE.W wrote:
Will they not cost excactly the same amount as before in euro? If not, why so?
Well oil is priced in $, what generates the electricity in Crete? As most things are imported, TV's, cars etc, these will cost a fortune as the currency will have been devalued only local produce will be cheaper and not even Mythos as this is brewed by a large conglomerate, not a Greek company believe it or not. If anyone is under the impression that going back to the Drachma will be a return to "the good old days" then they are living in cloud cuckoo land.
All this is nice and dandy, but my point/question is that no imports will be more expensive in euro (or pound or kroner or yen), but in New Drachma. This again provided that Greece indeed will leave the euro/eurozone, which I by the way don't think will happen, and if/when the New Dracma which likely will be converted 1 to 1, will devalue. Or have I missed something here?