Personal Finance & Money Stack Exchange
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Questions tagged [greece]

for questions that relate to the laws, practices, and products of Greece.

for questions that relate to the laws, practices, and products of Greece. Wikipedia

21 questions
18
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5 answers

Is it a good idea to invest in a small-scale solar power plant for income?

Right now I have a good income from my software engineering job and want to supplement that with a small solar power plant (costing between 5000€ - 7000€) and sell power to the grid. I would be happy if I could earn 300 - 500€ per month (which is a…
Dimitrios Desyllas
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17
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1 answer

Did Greece really issue bonds to investors yielding 42% interest?

I read this in the news regarding Greece's financial crisis: The country’s 10-year bond yield fell 11 basis points to 8.04 percent at 12:26 p.m. in Athens today. While that’s down from a record of 42 percent on the eve of the biggest debt…
user640916
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10
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3 answers

Why a bank would propose a depositor to invest part of their money to mutual funds, instead of bank doing it itself?

Currently, some banks in Greece propose their depositors (via financial consultants) to invest their money in foreign mutual funds. Their main argument is that deposit interest rates are close to zero because banks are not interested in any more…
Marinos An
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8
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3 answers

How can a person protect his savings against a country default?

I'm a middle-class citizen, currently living in a EU country (Greece in my case). How can I protect my little savings (that I currently have in a Greek bank) against a country default, like the one that is (very) likely to happen in Greece (or other…
ano
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8
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2 answers

moving family deposits away from Greece (possibly in UK)

Me and my family are worried about the current financial situation in Greece and want to move our deposits away to an another more stable country. Is this too much? We've seen other people doing it. The most possible destination is United Kingdom…
Dimitrios Mistriotis
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5
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4 answers

Is it safe to take a new mortgage loan in Greece?

What will happen if the country bankrupts or it exits the euro zone? I am a Greek resident and the loan will originate from a Greek bank. The property is located in Greece as well.
Mariusz Miesiak
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5
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2 answers

Would the effects of an anticipated default by a nation be mostly symbolic?

Given that the whole Greece saga has played out for a few years now -- and that most speculation is that Greece will default at some point -- if they finally do default, will it be mostly symbolic? That is, even right now, it would be an extremely…
Joe.E
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5
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2 answers

What are the risks of euro deposit accounts in Greek and Cypriot banks?

What is the risk of having 100k euro in accounts in Greek banks and Cypriot banks? Is there a guarantee? I assume that the state guarantee for deposits doesn't hold when a country defaults.
St.k
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4
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1 answer

How to buy Greek bonds either directly or via ETF?

Is there an online brokerage, for UK citizens, that provides access to Greek bonds? Interactive Brokers doesn't. Alternatively, are there other assets (say ETFs) that have a percentage invested in Greek bonds?
jorgetown
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4
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1 answer

What happened in Argentina in 2001 bank sector? did the banks closed? all or some?

What happened in Argentina in 2001 bank sector? did the banks closed? all or some? i am trying to figure out whats the possible scenario to greek banks if greece goes out of euro and into drahma and declares bankruptcy? What happened in argentina…
savvas mna
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4
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2 answers

investing - where to trade online? (Greek citizen)

I wanted to know if you could help me a bit because online searches didn't bring back many results (at least what I was looking for, ie non-Greek banks, etc). Can you recommend any sites where EU-citizens in general or Greek citizens in particular…
GRbond
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3
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If Greece decides to stop using the Euro, how would they implement it?

In particular, if they decide that they want to stop using the Euro as their currency, and have their own currency, how would that work? Since greece euros are the same as other european country's euros, how would they regulate who gets to convert…
Joe.E
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3
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2 answers

What do I risk by having deposited US Dollars in a Certificate of Deposit in a Greek bank?

I have US$ in CD in a Greek bank. What would happen if the bank folded, or Greece withdrew from the Euro/EU, or if there was a (even more) major financial crisis in Greece?
George
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2
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1 answer

What happens to brokerage accounts during severe financial crises?

It's well known that during, for example, the recent Argentinian great depression (1998-2002) or the ongoing Greek government-debt crisis, the bank accounts of members of the public were frozen, and clients were unable to access cash due to…
seekingknowledge
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2
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0 answers

Selling property abroad and transferring the money in the UK

I am a UK citizen and there is a property in Greece that my family wants to sell. It is an old property which I (and three more family members) inherited and paid taxes normally. The facts: The property was first acquired in 1973 I have a…
Datacrawler
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