Will be catastrofic for #Greece to go out of #euro. Look the current #forex drop effect on our #trade #balance

image

What can be noticed is that the higher percentage of exports is in distillate products which are priced on dollars below we can see the dramatic drop of euro in relation to dollar

image

Let’s now see if this state of economy which is beneficial to Greece (due to drop in international crude price) had any positive impact on our trade balance

image

image

What is noticed is a turbulence with no visual positive impact while the gap among imports and exports still in high levels. If we look where we export (graph below) we notice that more than 1/3 goes out of euro countries which means that at this state the drop of euro should have at least a visual positive impact on our trade balance. BUT THIS IS NOT CONCLUDED.

image

SUMMARISING A CURRENCY WITH LOW PARITY WITH DOLLAR WILL BE A DISASTER FOR GREECE IN THE SHORT TIME AND IN THE LONG TIME WILL HAVE NOONE ALIVE TO SEE THE POSITIVE IMPACTS

Leave a comment

Filed under Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s