Arillas Forum
Welcome to Arillas => Arillas general information => Currency, cash and exchange. => Topic started by: TerryW on May 15, 2012, 01:06:27 PM
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I think there is a very good chance that Greece will go back to the drachma, and it could happen whilst some of us are on holiday. The uncertainty is a bit worrying but I couldn't think of a better place to be in than Arillas (for a holiday) if it were to happen when I was there. What do other members think will happen?
Here are a some news links
http://www.bbc.co.uk/news/business-18018635
http://www.telegraph.co.uk/travel/travelnews/9231161/Greek-unrest-could-put-off-travellers.html
http://spendmatters.co.uk/greece-endgame-approaches/
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The disruption to flights due to strikes is the main thing that concerns me. If Greece leaves the Euro it is more of a concern for the Greeks than someone who spends two weeks a year there. Whether it would be good for them or not only time will tell. Don't get me wrong I do feel for the Greeks, very much, but it's the people who live there, work there and have their futures there that should be the main concern. My Euros in June/July will still be valid and likely valid for quite some time until an intrim currency is established, it may run side by side for some time. Surely it is impossible in the short term to stop one and start another? Look how much planning the Euro-wide change in I think 1999/2000 took.
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Couldn't agree more with GazCaz . I'd be amazed if anything happened this year
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As I don't go until Sept I will wait to purchase my "currency" - whatever that is nearer the time. More than likely we will bring a lot of sterling because hopefully then we can change it locally. I, like others, are more concerned about strikes etc. affecting flights (apart from worrying how Greek economy will suffer).
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gazcaz
your euros wont last that long im not gonna let you leave the bar ,,,hahha ,,yammas
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Humm, think I shall take a couple of hundred in Euros and the rest in GBP. It may be that the Greek people will like to exchange GBP and keep them as they may be of more medium term value to them than Euros. Thus a better exchange rate for us and also good for them - a win win situation.
What I would like to know is how this situation is affecting the Greek people on a day-to-day basis. I have heard terrible stories about extra taxes being imposed on public sector workers for instance. Whilst clearly Arillas is not Athens and there are not riots and protests on every corner, I do wonder if there is a notable impact on the people there.
Let's hope there are not strikes in the summer as whilst this may help some sectors, it would not help small businesses dependent on the holidaymaker one bit!
My heart goes out to those affected. It could just do easily be us - there but for the grace of God!
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I feel the same as you, Angela and I just hope evryone in and around Arillas are OK.
Here is an interesting Blog, that does show a small glimmer of positiveness with the Greek people.
http://kalikalos.blogspot.co.uk/2012/05/to-euro-or-not-to-euro-greek-tragedy-or.html
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Oh for a crystal ball !
Still being the eternal optimist I am looking forward to the excellent holiday I am always given by the good folks in Arillas.
Yammas
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Kev, I was not expecting the Euros to go far with you and the outlaws around.
We have the bulk as usual in Euros but was thinking to take some good old Blighty money with us. We have exchanged before, but what is the score with some places only taking £20 notes? Advice please.
Gary
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gaz
ive changed £20,s and £50,s with theo in arillas car hire no probs ...yammas
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Cheers Kev, what about £10 notes, Im sure I changed some in 2010? That can be your and the Outlaws task before we arrive. :-)
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gaz lol
im sure ive still got a white fiver somewhere,,haha..have to get peters combination to hi purse this yr ,,haha,,yammas
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My many conversations with Corfiots over the last year, and particularly during the recent election campaigning, lends me to believe, firmly, that a return to the drachma is impossible to achieve, even were it realistically sought.
A life-long history of Greek drama shows how expert our hosts are where the art of defending their lands, and peoples, against any foreign aggression, whether with arms, or financial constraints, or backdoor designs on acquiring Greek islands with subterfuge, are concerned.
Have no fear. Greece will remain in the European Community, the Eurozone, and the leading European power will have to accept that the European Central Bank, and the International Monetary Fund, have no choice but to underpin the Greek economy, or face the inevitable collapse of the Eurozone, and its“unachievable dreams of a "New United States Of Europe" with no borders, unified job market, and, economic and legal standardisation.
The European Community may, just may, have been manageable with the earlier twelve countries involved. Now, with so many new "poor" East-European country members involved, "Topsy" has become "Topsy Turvy"!
Anything that grows too quickly, and without pruning, eventually collapses.
Then the "tree" is cut back and flourishes anew.
Roll on the next version of the "Euro", with a two-tier system of "A" stream countries, and the also-rans.
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That's an excellent post, Geoffrey. I think the tide is just beginning to turn to have less austerity and I think the news coming from this weekends G8 talks will give positive thoughts for the Greek people to stay in the euro.
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I think it was the currency exchange place near Akti Arilla Hotel that would only take £20 notes or over when we were there June 2010.
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Thanks Geoffrey for your well balanced post. Just wish some of the people who matter in deciding the future for Greece would read it.
Val x
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Does anybody know if credit cards are still accepted in the shops and restaurants?
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Of course they are.!
There are a couple of small shops and tavernas that do not but the majority of hotels, tavernas, bars, and shops are ok with it.
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Dimitris, thanks for the information!
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I have always taken my money in GBP. Never had any trouble changing it. Usually do it at the Rainbow or Arillas Cars.
Usually get a better exchange rate than the UK as well :-)
Jebbo
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Jebbo, do you take cash or travellers cheques? I am considering taking sterling travellers cheques this year & some euros.
Eggy usually keeps us up to date with the exchange rate-howsitgoing Eggy??
Karen
x
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Karen/Colin
I have done both over the years, never had any problem with either. TC's are safer as in case of loss you can get your money back...
Jebbo
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We always take a couple of hundred in Euros and the rest sterling, have never had any problems changing cash over there. Usually change at Marina and Vas has accepted all note sizes and like what was previously said the exchang rate has always been better over there.
Jill x
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This is really interesting .....http://www.bbc.co.uk/news/business-18091763
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I exchanged £10s, £20, £50s this summer at Olgas with no problem. I took Euros & a little Sterling with the rest on the cash-passport in Euros - which can be used in the restaurants and shops & can now be used in the new ATM! I havent seen travellers chesques for years?!?
No point worrying about the Euro vs Drachma - what will be will be & it wont change overnight. I think any strike action that would affect the countries income would be unlikely.
Yes the locals have more taxes to pay - the price of petrol has rocketed for one thing but they dont have the problems of Athens the same as a village in Kent doesnt have the same problems as London.