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Greeks Prefer Drachma Over Euro

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    FBN's Ashley Webster on the Greeks facing tough times.

  • Duration 3:34
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And we haven't talked much about Europe.

This -- but boy it sure in the headlines -- uncertainty over this Sunday's Greek elections.

And the health of the Spanish economy putting pressure on the European markets today but -- benchmark stock index well let's bucking the trend.

And surging 10% today Ashley Webster is an -- -- Ahead of the election joins us now live with the latest developments Ashley.

Hi -- ally you indeed three days before we do it all over again may sixth was -- last time we had an election here.

They could not of -- a uniformed government a coalition government so we are doing it all again.

But really it's -- de facto votes on whether Greece should stay in the eurozone or not that's because.

The radical left party that's in neck and neck race with a Conservative Party hearing Greece says they are going to.

Essentially wipe out the agreement for the bailout and renegotiate.

It's very very touchy whether or not the EU leaders will in fact go for that and -- that would mean.

Going back to the -- but you know many people here say -- either way life is pretty tough right now and certainly -- under the Euro.

Has been unbearable Greeks -- release we go back to the drop but Greece will have control over its own -- Right.

Not a solicitation.

-- -- I think that they fed to be.

-- tot -- because I feel that it's the same thing.

Because it is not home should be -- because right now my Saturdays 900 euros.

And I had a debate for my dollars per month 900 euros slightly at the same -- going backwards but rabbis our.

-- Bless you hear that -- not is ours but you know what either way people here -- resigned to the fact that Anixter.

For the foreseeable future very tough times ahead no matter what happens on Sunday and as a result of that.

Missing a lot of money coming out a Greek banks 750 million dollars worth every day people taking out their money nervous about what's going to happen.

Next not coming up in -- 2 o'clock show will be talking to a local real estate agent who you would imagine doesn't have a lot of business these days but guess what.

He -- and those people who are buying.

All of -- super rich.

And with that in mind he showed us a home going for the bargain price.

At nineteen million dollars so they go while I things in Greece struggles thereof people who are coming in and buying up these super super.

Rich homes -- back to you.

-- distressed investments that's the definition actually before you go we -- the Spanish banks banks were downgraded.

You mentioned people taking money out of Greek banks what's the risk a formal run on banks.

Well that's a good question is not a full out run right now on the Greek have a national Bank of Greece has -- it's fine if people take out that amount of money we've got plenty to bump up.

But if the result some Sunday show any sign that the radical left hobby that's -- -- under Alexis.

Sahara winds.

Then I think you could indeed panic could then sets -- and we could see Iran on the Greek banks and that could be quite chaotic to say the least -- -- -- in fact be the you know contagion effect that -- -- so worried about with regard to other countries the weaker countries in the Euro -- hopefully that won't happen but what have to latency.

How this all plays out on Sunday.

Important weekend indeed Ashley Webster fantastic reporting thank you yeah.

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