Will Spain be safe next year ?

[ChrisF]

Better dig a hole in your garden, cos if the poo hits the fan in Europe, well to be blunt, you aint gunner fine a bank left standing, in Europe or the UK. But at least the man with the villa will be broke in the sun and not the rain

I understand that many Greeks have bundles of Euro notes stuffed under the mattress or at the bottom of their freezer. They don't trust banks at the best of times and certainly not now.

If Greece were to leave the Euro, for whatever reason, there could be a delay of several weeks before the 'New Drachma' is printed and readily available and the ATMs will be empty from Day One. Remember the queues outside the building societies in UK?

It would be likely that the Euro, although not the official currency, would still be far more valuable, desirable and convertible than any new currency.

During a visit to Poland after the fall of the Wall, I was accosted by a young Polish boy selling postcards. I decided to buy some, as I am a soft touch, and asked how many Zloty he wanted. His reply was quite emphatic:

US Dollar, D Mark or GB Pound - No Zloty!

 

[beachcaster]

Better dig a hole in your garden, cos if the poo hits the fan in Europe, well to be blunt, you aint gunner fine a bank left standing, in Europe or the UK. But at least the man with the villa will be broke in the sun and not the rain

Vested interests will not let that happen..........the banks will be propped up by printing money.
In this country QE looks like it might be happening again today........we can print more money and therefore the banks will continue. Eventually eurobonds will happen.............with germany bailing out southern europe.

The euro polititians are so wedded to the idea of a united europe that they will continue till populations rise up and there is blood in the streets.......

barry

 

[JJ]

I bank with Santander...

A question...

Suppose I owe them €80,000 and they go belly up...

What then?

JJ :Cool:

 

[vwalan]

hi jj. its easy they or the liquadators will take you to the cleaners .
they will try to get it all or maybe put a charge on your property.
you may be owed by them but unless its alot you wont get it back. only a small percentage if anything . usually its a lose ,lose situation.

hi bill. if you have a camper you can go where ever you want . far better not to have the property in spain . i made that decision years ago. but dont want to break your fantasy. hee hee

brian . think we have been here before about the uk car industry .there is only a small industry left . its a shame but the money people took it to other countries .and the m,bike industry . i see you are a proud british owner of camper and m,bikes and support the uk industry .hee hee

 

[JJ]

hi jj. its easy they or the liquadators will take you to the cleaners .

Well it is a good job they won't go belly up then :thumb: (even though I don't owe them €80,000)

But if the whole of Europe has crashed and there is blood flowing in the streets like some here suggest... where will the liquidators get the electricity from to work their computers to find out who owes whom what?

JJ :Cool:

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[ChrisF]

I bank with Santander...

A question...

Suppose I owe them €80,000 and they go belly up...

What then?

JJ :Cool:

It would be nice to think that you would be let off but that is unlikely to be the case. The reality is that you would be hunted down and the money extracted from you even if you were owed by Santander.

I was in this position with a supplier: they went bust owning me commission on previous sales. I owed them money for goods I had received. The outcome is not hard to guess.

 

[JJ]

It would be nice to think that you would be let off but that is unlikely to be the case. The reality is that you would [HI]be hunted down and the money extracted from you [/HI]even if you were owed by Santander.

They would have to find me first Chris...

JJ :Cool:

 

[ChrisF]

where will the liquidators get the electricity from to work their computers to find out who owes whom what?

JJ :Cool:

If the balloon goes up, the Internet and cellular networks are often the first to go.

 

[ChrisF]

They would have to find me first Chris...

JJ :Cool:

There are definitely advantages to being a self-sufficient nomad.

 

[vwalan]

dont worry trhey back it up for their benefit ,not yours .
anyway we are ok here in cornwall .we already have our own govt etc its been planning and getting ready for all this to happen.

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[buttons]

This could turn out to be a really stupid question. Is the Euro identical in every EU country. Can any Euro issued in Greece be identified as Greek etc does it differ from a Euro issued in Germany .....:Wacko: Just something I heard.

 

[chesterfield hooligan]

it's getting that I dearn't open this thread anymore
digging a hole in the bottom of the garden this afternoon
JJ have you got a empty pitch
anyone changing euro's into doller's /gold
by the way why is the price of gold dropping
have you all scrapped it
Help stop the world i want to get off ​

 

[Jim]

A couple of hours ago Spain managed to get a good rate on a few billion € of bonds she sold. So its looking a bit better, they just need a few more quid to re finance a bank or two and next year we'll all be singing..

"We're all off to sunny spain, el viva en espana"

 

[vwalan]

now that another topic the film cocoon comes to mind . but remember when the last human being breaths its last breathe .





the world maybe a better place.

 

[buttons]

This could turn out to be a really stupid question. Is the Euro identical in every EU country. Can any Euro issued in Greece be identified as Greek etc does it differ from a Euro issued in Germany .....:Wacko: Just something I heard.

http://www.dailymail.co.uk/travel/a...mpany-issues-dramatic-warning-travellers.html

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[ChrisF]

...Can any Euro issued in Greece be identified as Greek etc does it differ from a Euro issued in Germany .....:Wacko: Just something I heard.

The Euro coins from each country have different designs.

 

[Billy23]

n.

hi bill. if you have a camper you can go where ever you want . far better not to have the property in spain . i made that decision years ago. but dont want to break your fantasy. hee hee

Yes I have a camper, yes I have property in UK, yes I have a villa in Spain........My bum is covered

Dont know if I am having a fantasy.......When I was younger I had one, but she was very nice:Blush:

 

[vwalan]

hi bill. thats good you have it covered . many dont. seen lots get it wrong over the years .
some just seem to tip a life savings down the drain. i,m sure you have met a few.
i,m sure the sun melts the brains of some.
bit like the act of going on holiday with two grand . how much have you got to spend ..most say two grand .
i say i dont have to spend anything if i dont want to.

 

[Billy23]

hi bill. thats good you have it covered . many dont. seen lots get it wrong over the years .
some just seem to tip a life savings down the drain. i,m sure you have met a few.
i,m sure the sun melts the brains of some.
bit like the act of going on holiday with two grand . how much have you got to spend ..most say two grand .
i say i dont have to spend anything if i dont want to.

Hello Alan
I`m covered because I used to be a TRUCKER!!!!! and seen it all before

 

[beachcaster]

This could turn out to be a really stupid question. Is the Euro identical in every EU country. Can any Euro issued in Greece be identified as Greek etc does it differ from a Euro issued in Germany .....:Wacko: Just something I heard.

The banks will close over a long weekend.and greek euros will be overstamped
to identify them till the new currency is ready...........I gather this is what happened in Argentina. ( not with euros

barry

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[slobadoberbob]

I am pleased to say I have no Y issued notes

I am pleased to say I have no Y issued euro notes.... I can see in some places this may be an issue.. but not so sure that those in circulation will not be honoured.. but time will tell.

Who next? Spain????

Bob:Blush: