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<p>[QUOTE=&quot;medoraman, post: 1442861, member: 26302&quot;]Fair point. I remember a story about massive outflows of gold from Italy recently as well. It was being transported to Switzerland. Sounds like some rich Italians are concerned with the tax man.</p><p><br /></p><p>IMO a couple of billion Euros would not really affect FOREX rates much, so I am unsure if rate changes would be attributable to that. I think many in Greece are holding the Euros for fear of all of their deposits getting converted to drachmas overnight, and then of course the drachmas will probably lose at least half their value. I simply believe the Greeks are withdrawing the Euros to guarantee a sound currency, and hold the Euros. </p><p><br /></p><p>How would a conversion from Euros to drachmas work? Bank account would be simple, but what would happen to Greek printed Euro notes? Are they still Euros? Would the be drachmas in disguise? If a Greek wanted to be safer with his Euros, I would suggest trading his Greek printed Euros and getting German printed ones.[/QUOTE]</p><p><br /></p>

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