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The Devalued Greek Currency Has Already Arrived. It's the Euro
Customers at Iannis's gas station in an industrial area in southeast Athens may be disappointed if they try to pay with plastic. He's set a limit of 50 euros ($55) for credit and debit cards, not enough for a full tank for many cars.``That's all we are taking,'' he said, the blue Aegean Sea visible at the bottom of the hill. There's no limit on cash. Iannis, who gave only one name, may be the face of a de facto devaluation in Greece, even before a referendum Sunday that could determine its future in the euro. Cash is harder and harder to come by, with daily withdrawals limited to 60 euros. There are so many curbs on ... (full story)