Market Implies Greek Devaluation To 1530 Drachma Versus Euro

[JohnWood]

greatest wealth transfer in history also means the greatest opportunity in history..
Market Implies Greek Devaluation To 1530 Drachma Versus Euro
http://www.zerohedge.com/news/market-implies-greek-devaluation-1530-drachma-versus-euro


Given the Greeks entered the EMU in January 2001 at 340.75 Drachma to the Euro, the current market is pricing in a massive devaluation to around 1530 Drachma to the Euro.


The Portuguese are obviously better but face significant devaluations also.

[Blink]

Holy Zimbabwe Batman (well not quite that bad). This will happen to all of us eventually, one big happy Weimar episode.......... Welcome to the NWO.

[DMac]

A 4.5 to 1 devaluation in 10 years.

Does that qualify for hyperinflation?

[JohnWood]

I don't think so..When you are in Greece, just tell you are Canadians..LOL..If you are fluent in Italian, that is even better.

A 4.5 to 1 devaluation in 10 years.

Does that qualify for hyperinflation?

[JohnQPublic]

I remember when the Lira was like 3000-4000 : 1 with the dollar. It may return.