Greek Eurozone crisis

[crisper]

If Greece colapses as an economy in Europe, how would you manage to pay for anything if you were to travel there on holiday? Would they still accept Euros as currency, or would you have to pay for goods with say American Dollars?
Cheers in advance if anyone can shed any light on this.

[venator]

They would go back to the Drachma, and would devalue their currency

[crisper]

Cheers Venator. Thought thats what might happen. Just have to wait and see.
Thanks again.

[jno]

no doubt they would accept euros, dollars, anything they could get their hands on. But officially they would probably go back to the drachma.

[DTCwordfan]

Course they would - they would want every single Euro, £, $, Yen, S-Franc, whatever they could lift of you, legally or illegally.

Wait for the pseudo-Nigerian scams, "My Big Fat Greek cousin has 20 million Euros ina sarcophagus under the Acropolis and needs a bank account in which to deposit this money. We will pay you 15 per cent of this sum if you are willing to assist us to mutual benefit by facilitating the transfer of this sum to your account. Please provide the details of your bank account to the Fillupouraccountwithalotofcashus Family, c/o the DrachmaScamus Bank, GoneBankruptis Avenue, Athens, Grease."

[sunny-dave]

Just because a country isn't in the eurozone doesn't mean they can't use the euro as a convertible currency of choice.

My bet is that they would still (over)price all tourist activities (including restaurants etc) in euros - effectively running a two-tier charging system - cheap for locals in drachmas, expensive for tourists in euros. Pretty much what seemed to happen in Iceland when that went t*ts-up.

[crisper]

Thanks again for all your answers!.. It'll be interesting to see what happens. Have a good weekend all x

[dzug2]

Well would they actually go back to 'the' drachma - or would it be a 'new' drachma (whether specifically called that or not) - or even a new name.

I can't see the actual old currency (if anyone still has any left) being valid.