Greek drachma is now on trader's Bloomberg terminals

[BlasterBates]

I think XGD is a practical joke, probably accidentally got left in. Currencies beginning with X are precious metals, that's the convention. If the Greek Drachma were to be introduced it won't be XGD.

[Scoobos]

i.e if the drachma rumour is true

Last bit of tosh from me - I'll bet you 5 euros that the Drachma was a knee jerk caused in the market by a deliberate attempt to create instability, by either 1 or a small group of interested parties. It seems people either have to jump or be pushed, in the name of the IMF.

[Scoobos]

In Europe, a lot indicates it has “died”
The market cap of the Italian Financial sector is now the same as the market cap of Colgate-Palmolive ($47bn).
The market cap of all Euro-zone Financials ($361bn) is less than that of Canadian Financials ($377bn).
The market cap of Spain and Italy equities combined ($396bn) barely exceeds that of Taiwan ($368bn).
The market cap of Portugal equities ($16.4bn) is the same as that of Whole Foods, the 191st largest stock in the S&P 500.
The market cap of Greece equities ($5.8bn) is the same as that of TripAdvisor, the 400th largest company in the S&P 500.
The CDS of Portugal exceeds Veneuela’s, the CDS of Italy exceeds Lebanon’s and the CDS of Spain substantially exceeds Iraq’s.
Bond markets seem to be indicating the world is coming to an end…
The US 10 year Treasury yield (1.56%) is just 1bp away from its 200-year low of 1.55% set in November 1945.
The Dutch 10 year government bond yield (1.61%) is the lowest in the past 500 years.
The German 10 year bund yield (1.20%) is the lowest in the past 200 years (bar the hyperinflation period of 1923/1924).
The French 10 year government bond yield (2.36%) is at a 260-year low.
The UK 5 year government bond yield (0.63%) is at a 110-year low.

And this is what has always scared me, the lefty , educated in economics and history - That the corporation, originally formed as a trust, has become so powerful it earns more than countries ; and can therefore dictate global politics and governments.

IMF instilled un democratically into "failing" countries.

right, Im off down the pub before I get even more paranoid and miserable

Happy holiday weekend all, I hear last minute holidays into Greece are a snip!

[chef]

my questoin is, i have an invoice that is invoiced in Euro's but with the expenses in GBP.

Do I convert it today GBP -> EUR and submit the invoice OR do I wait until after the holiday and calculate it then.

i.e if the drachma rumour is true (and I believe it is), then surely the EUR will fall and so waiting until weds is better?? or have i missed something.

[DodgyAgent]

I don't really follow the FTSE but how come it isn't plunging every day? Does the UK feel insulated from all this mess? I know it's fallen, but not free-fallen.

If the Euro collapses then the UK will also suffer heavily

[d000hg]

I don't really follow the FTSE but how come it isn't plunging every day? Does the UK feel insulated from all this mess? I know it's fallen, but not free-fallen.

[BrilloPad]

In Europe, a lot indicates it has “died”
The market cap of the Italian Financial sector is now the same as the market cap of Colgate-Palmolive ($47bn).
The market cap of all Euro-zone Financials ($361bn) is less than that of Canadian Financials ($377bn).
The market cap of Spain and Italy equities combined ($396bn) barely exceeds that of Taiwan ($368bn).
The market cap of Portugal equities ($16.4bn) is the same as that of Whole Foods, the 191st largest stock in the S&P 500.
The market cap of Greece equities ($5.8bn) is the same as that of TripAdvisor, the 400th largest company in the S&P 500.
The CDS of Portugal exceeds Veneuela’s, the CDS of Italy exceeds Lebanon’s and the CDS of Spain substantially exceeds Iraq’s.
Bond markets seem to be indicating the world is coming to an end…
The US 10 year Treasury yield (1.56%) is just 1bp away from its 200-year low of 1.55% set in November 1945.
The Dutch 10 year government bond yield (1.61%) is the lowest in the past 500 years.
The German 10 year bund yield (1.20%) is the lowest in the past 200 years (bar the hyperinflation period of 1923/1924).
The French 10 year government bond yield (2.36%) is at a 260-year low.
The UK 5 year government bond yield (0.63%) is at a 110-year low.

[gingerjedi]

When Iraq changed currency they flew in 40 jumbo jets overnight so it wouldn't be something that could be prepared for without going unnoticed.

That was on R4 so it's true. FACT

[cojak]

An update says it's been removed.

Bit of a c0ck-up there I think,

[Paddy]

"POST Euro Spot" That looks like the old Drachma to Euro.

[amcdonald]

XGD Greek Drachma Bloomberg - Business Insider

Looks like the writing may be on the wall.....

It's all greek to me

[aussielong]

XGD Greek Drachma Bloomberg - Business Insider

Looks like the writing may be on the wall.....

This is true, traders in work asking for drachma to be put into the system i work on.

[BrilloPad]

Seems to be alot of pple worried about what will happen over the 4 day break. I hope they are wrong.

[Jog On]

XGD Greek Drachma Bloomberg - Business Insider

Looks like the writing may be on the wall.....