Posted on 06/27/2015 6:31:27 AM PDT by Oldeconomybuyer
ATHENS—Lines formed at ATMs in Greece’s capital city on Saturday as uncertainty spread about the nation’s solvency and fate inside the eurozone.
Most ATMs continued to disburse bank notes, but some ran out. Greek bank officials said they were making efforts to replenish ATMs that were running out. It wasn’t clear how heavy the day’s bank withdrawals would be in total.
But the unusually long queues were a sign of many Greeks’ surprise and anxiety after Prime Minister Alexis Tsipras on Friday night announced a referendum on July 5 on the economic-policy conditions that creditors want to impose in exchange for further bailout financing. A vote to reject creditors’ terms could put Greece on a path to default and exit from the euro. Even a “yes” to the bailout terms on offer could leave Greece facing a heightened financial and political mess.
(Excerpt) Read more at wsj.com ...
This is a Third World sh!t-hole telling the one-world order that they prefer a Third World sh!t-hole to a one-world order.
For what it's worth ... there are 23 U.S. states (individually) whose GDP exceeds that of Greece. Eight of those states have a GDP that is at least twice the GDP of Greece.
> One world order.
Its coming here to our shores soon.
In the long run, a divorce will help both parties. In the short run, there will be some pain for both.
Tourism would probably do well because Greece would just become just like any other cheap Third World tourist destination for "First World" travelers.
Reject, Greece, reject! If you’re going to default anyway, might as well do it with a little eclat.
The banks should have stopped lending to them years ago and stopped peddling their bonds. The banks and investor’s deserve to take a hit for their greed and stupidity. The Greek people will only learn if the money is cut off and they have to go back to work to earn their way in the world. So they should default and start over.
The Greek banks and the Greek politicians were sleeping together...that’s why no one wanted to stop the stupidity. Toss in the Olympic games and the huge cost for the airport, subway and village. They just didn’t know when to quit.
Unless and until it stabilizes not too many people outside Greece would accept the Drachma. That doesn't mean trade would cease. Trading companies would set up barter deals. Greek vacations would be cheaper and, presumably, more people would go there to take advantage. A cheaper currency should also make the Greek merchant marine more competitive.
Actually The bank note printing companies are hiring. They are printing more money every day. It’s boom time.
I have a hundred trillion and fifty billion note on my desk. Quite attractive, quite worthless.
Have you met any people spending their vacations in Zimbabwe recently?
Greek tourism is, by far, their main industry. Greece is a country of unmeasurable beauty, visited by millions every year (as opposed to Zimbabwe). This will never stop. People (myself included) will never fail coming to Greece and leaving their hard earned dollars, rubles and the rest in exchange for Greek hospitality. Yes, it’s going to be hard for Greeks and cheaper for the “First World” travelers for a while, but at least they will be in charge of their own destiny, not their slave masters in Brussels.
They better spend it immediately before it isn’t worth the paper it’s printed on.
Speaking Spanish and not Greek.
I mean how hard is it to serve coffee at an outside cafe? All that strain rewards you with a pension at 50? Stupid. Leave the Euro and collapse. Then you will have no one to blame.
The Greeks want the hard working Germans to pay their pensions. Get real.
Make it all digital and you don’t have to worry about bank runs and such anymore...maybe if everyone had a mark and...
Greeks aren’t Zimbabweans. Have you ever met a Greek person who didn’t know how to make a living?
Saw a bumper sticker that said it all: "The New World Order has a Third Reich Odor".
What uncertainty?
Part of that involves avoiding the government protection racket. (Taxes)
“The Greek banks and the Greek politicians were sleeping together...that’s why no one wanted to stop the stupidity. “
Seems to me it isn’t any different here! but when America falls it will make a much bigger thud!
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