Things have escallated over this W/E , Germany the Greek bank has signalled the end of the bailout, along with Greek people getting fed up with the " German " imposed austerity measures.
in Greece is over!
So how will this be effected? ----- people will start to withdraw from the banks it's allready started it will just escalate cause panick as people try to move any they have into a " safe " place eg french/ German bank , or keep hold ( in the medium term to exchange into Drachmas ) later?..
The government s all of them, inc ours will all deny the end to avoid a run/ panick . Meanwhile the Greek G will set a date ( try to keep this secret? ) . You will wake up to be told no longer the tender , the G has issued Drachmas ,
Immediate civil unrest on the streets , looting and armed gangs for awhile until the G using army/ police restore order hyperinflation as the rest of the world looks on , the curreny will devalue every day/ month until it stabilises , this will cause ." issues" for holidaymakers - insomuch as public sector breaking down , airlines paying bills etc - cancelations ,powercuts .Assets seized if demed valuable as cash will in free fall .
And of course you will need to access some Drachmas to carry on when you step ashore, shops will empty etc .
Of course 12 months later we will benefit as tourist in the usual way , dead cheap , sunny, blue sky, warm water etc.
I would not volunteer to in Greece on the morning the ends .
Look at Argentina they did a similar thing , sorry to seem to prick the bubble