The Greeks who had anticipated that Greece would opt-out of euro

Question

Quizplus · Accepted Answer

Closing euro-denominated accounts and taking them to foreign banks would be the most logical choice for those who anticipated that Greece would opt-out of the euro. This would ensure that their assets are not devalued in case Greece returned to its previous currency. Converting to gold or increasing euro-denominated deposits in Greek banks may not be safe options as their value may be affected by the economic situation in Greece. Purchasing government securities from the central bank of Greece may not be a good option if there is a risk of default or if the securities lose value due to a weakening economy.

The Greeks Who Had Anticipated That Greece Would Opt-Out of Euro