If Greece left the Euro, how many Drachma to the Euro would there be?

[KrazyHorse]

Kuci

With that attitude you'll never become one of the one in 500 000 people he hires, only to have them quit within a week...

[Zoetstofzoetje]

Zoe, I think you're confusing actual superiority with having a complex.

why are you all so infatuated with someone calling everyone an idiot/******/moron.

[Hauldren Collider]

With that attitude you'll never become one of the one in 500 000 people he hires, only to have them quit within a week...

Well darn. Can he still get his PhD of agriculture specializing in gender?

[Dauphin]

ok, an actual argument, this i can work with!

i was referring to a situation where the ECB negotiates an exchange rate which is temporarily put in place; ECB and Greece supporting/sustaining levels between boundaries.

Did you not read my post?

[KrazyHorse]

I'm not sure he can read.

[kittenOFchaos]

I'm not sure he can read.

The irony.

[KrazyHorse]

Please specify the irony, ****...

[C0ckney]

I understand your point, but I was getting at the nominal values used. You could start of at €1 : Dr 2,000 and still have the same effect.

I was arguing with someone who was obstinant that if the drachma were introduce at €1 : Dr 1 it would result in massive economic upheaval if the "market rate" said it should be €1 : Dr 3. I asked him, ok, what if the "market rate" (a term that is meaningless by my reckoning in this scenario) was €1 : Dr 3, and they set the rate at €1 : Dr 10, would it result in the market moving in Greece's favour to a rate of €1 : Dr 3. He said yes, at least in the short term. I hung my head as he failed to grasp the point. He then cited Black Wednesday, and how an arbitrary exchange rate resulted in a massive economic catastrophe for the UK. I hung my head again.

ah ok, i misunderstood what you were getting at in your reply to zoe. i agree with that of course.

[Aeson]

There are definitely implications to adding more zeros to denominations.

[Kuciwalker]

ok, an actual argument, this i can work with!

i was referring to a situation where the ECB negotiates an exchange rate which is temporarily put in place; ECB and Greece supporting/sustaining levels between boundaries.

You're an idiot, I already made exactly that argument in this thread. See post #9.

[Zoetstofzoetje]

[giblets]

My guess would be whatever ratio they converted into the euro at.

That would be ~340 drachmas per euro, according to Wikipedia. My guess is they would want to pick a ratio that would make converting prices into drachmas simple, so they might go with 100 drachmas per euro.

[Zoetstofzoetje]

anyways, good luck with the thoughtful and/or idiot/******/moron/imbecile discussion, i'm travelling for a week.

rock on!

[DaShi]

Good riddance.

[Egbert]

I don't give a flying **** what you appreciate. You are a posturing moron who doesn't understand the first thing about finance, economics or even basic mathematics.

And you KH are a deranged loon. A complete and utter dickhead. Grow up.