Like many who travel to Europe and pay for European goods and services, I've spent plenty of time the past couple of years bemoaning how the US Dollar has sunk in comparison. Everything in Europe gets more and more expensive. Then on the home front, the cost of gas has risen substantially, so airplane tickets are up, and even driving trips in the US get more expensive! Oh, woe is us... 
But compare it to a REALLY bad time, and all of a sudden, it seems like we're downright fortunate and prosperous.
During the German occupation of Greece (1941 to 1944), the monthly inflation rate peaked at 8.55 billion percent. Prices doubled every 28 hours. By 1944, they were printing 100 trillion drachma notes.
Daily Frappe: Greece hyperinflation - how far we've come...
~~~~~~~~~~~~~~~~~
While our Greek Islands yacht trips would certainly be a lot cheaper with their currency in that state, I wouldn't wish that on anyone! We visit this fascinating country twice a year, and I'm happy that they're doing well. (Though I may continue to moan privately about the exchange rate!)
~~~~~~~~~~~~~~~~~
1 response so far ↓
1 college grants // Jan 23, 2011 at 11:55 pm
Terrific work! This is the type of information that should be shared around the web. Shame on the search engines for not positioning this post higher!
Leave a Comment