Hi! Title says it all - how will the potential Greek financial collapse affect the exchange rate (USD to Euro). Should I exchange some money now or wait a few weeks?
Thanks.
Hi! Title says it all - how will the potential Greek financial collapse affect the exchange rate (USD to Euro). Should I exchange some money now or wait a few weeks?
Thanks.
Greece isn't big enough to destabilize the Euro, now that the rest of Europe is out of trouble, and Greece is already in about as deep as it can be. I wouldn't worry about it.
But if you decide to go to Greece, take cash.
Greece will not default. Europe is going to bail them out again. They're just waiting a bit longer this time, which is a major mistake because it makes it even more expensive.
For example, right now Greek people can only withdraw EUR 60 per day. So this puts a major strain on the economy.
As if it wasn't bad enough already.