Friday, July 10, 2015

Greek Olive Oils on Sale


You can see below there are some sales developing in what seems to be at least the high end brands.

The Horio people have come off their $48 for the 3 liters down to $43.... the low end Pagasus is steady though down at $30 for the same 3 liter tin.





If they were to roll out a new drachma that "floats" and the Greek olive oil people continue to price cut in USD terms like this, then we would see the drachma/USD exchange rate go down as a result.

Economists would then say: "hey! Greece is devaluing the drachma!".



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