Skip to comments.
Greek banks down to €500m in cash reserves as economy crashes
UK Telegraph ^
| July 2, 2015
| Ambrose Evans-Pritchard
Posted on 07/03/2015 8:35:26 AM PDT by C19fan
Greece is sliding into a full-blown national crisis as the final cash reserves of the banking system evaporate by the hour and swathes of industry start to shut down, precipitating the near disintegration of the ruling coalition.
Business leaders have been locked in talks with the Bank of Greece, pleading for the immediate release of emergency liquidity funds (ELA) to cover food imports and pharmaceutical goods before the tourist sector hits a brick wall.
(Excerpt) Read more at telegraph.co.uk ...
TOPICS: Business/Economy; Culture/Society; Germany; News/Current Events; United Kingdom
KEYWORDS: alexistsipras; euro; europeanunion; france; germany; greece; nato; syriza; unitedkingdom
Lady Thatcher must be having a good laugh looking down on these events from up high.
1
posted on
07/03/2015 8:35:26 AM PDT
by
C19fan
To: C19fan
What if the Chinese step in and pay for the Greek debt with U.S. Treasuries?
To: C19fan
The very first time EBT cards in the US don’t get charged up at their appointed times and continue for one or two cycles is when all hell breaks loose in this country. It’s universal.
3
posted on
07/03/2015 8:38:26 AM PDT
by
Gaffer
To: C19fan
4
posted on
07/03/2015 8:38:30 AM PDT
by
JoeProBono
(SOME IMAGES MAY BE DISTURBING VIEWER DISCRETION IS ADVISED;-{)
To: C19fan
Yannis Koutsomitis
@YanniKouts
Athens super market incident confirmed. It reportedly involved a group of anarchists who looted goods and handed them out to clients.
5
posted on
07/03/2015 8:41:18 AM PDT
by
Kartographer
("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
To: C19fan
Exactly. Coming soon to a free lunch state near you.
6
posted on
07/03/2015 8:45:08 AM PDT
by
OttawaFreeper
("Keeping your stick down used to be a commandment, but not anymore" Harry Sinden, 1988)
To: C19fan
Pottersville is our future ?
7
posted on
07/03/2015 8:49:07 AM PDT
by
Raycpa
8
posted on
07/03/2015 8:53:32 AM PDT
by
SunkenCiv
(What do we want? REGIME CHANGE! When do we want it? NOW)
To: C19fan
Greeks, enjoy your medicine!
9
posted on
07/03/2015 9:16:55 AM PDT
by
ConservativeMind
("Humane" = "Don't pen up pets or eat meat, but allow infanticide, abortion, and euthanasia.")
To: Gaffer
WARNING TO ALL:
WATCH GREECE CAREFULLY - see what happens.
It’s coming here. When? No one knows.
But it’s coming.........
10
posted on
07/03/2015 9:21:51 AM PDT
by
Arlis
( A "Sacred Cow" Tipping Christian)
To: C19fan
Can some one please explain to this noob what happened in Greece to get them to this point and what this upcoming vote is really all about. Thank you
11
posted on
07/03/2015 9:29:36 AM PDT
by
The Louiswu
(what is art?)
To: C19fan
Socialism is great until you run out of other people’s money.
12
posted on
07/03/2015 10:05:00 AM PDT
by
Veggie Todd
(The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. TJ)
To: C19fan
I was in Greece & Turkey 2 weeks ago. Athens was dirty and Istanbul was clean. Prices were much better in Turkey than in Greece and it just seemed that there was more economic confidence in Turkey than in Greece.
Greece needs to start working and get out of the toxic euro zone.
13
posted on
07/03/2015 10:15:37 AM PDT
by
grumpygresh
(My real thoughts have been self censored.)
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson
