Skip to comments.Fears major bank is 'hours from collapse' as millions vote on Greece’s financial future
Posted on 07/05/2015 5:44:45 AM PDT by RKBA Democrat
(Title edited due to lemgth)
Fears the central bank of Greece will collapse following today's referendum are rising as voters flocked to the polls to decide on their country's future.
Officials are set to ask the European Central Bank (ECB) for emergency cash in a bid to stave off financial ruin following tonight's result, it has been reported.
[snip] It comes as some sources also suggested ATMs will not open this evening in a bid to save money after EU leaders threatened to withdraw the euro in the event of a 'No' vote.
(Excerpt) Read more at dailymail.co.uk ...
Greece plans to “give the finger” to Europe...followed shortly afterwards by a request for more money.
Sounds like a good plan....what could go wrong?
Odds that the referendum is a ruse? That the Greek pols will announce that it was a “YES” vote, so that they can take the deal without being tossed from office?
The EU intends to make an example of Greece. Unfortunately for the EU, desperate people do desperate things. And Russia is very interested.
The current government has pledged to resign if the vote is YES. We’ll see if they do, but I don’t think it’ll be relevant. I think NO will win.
Then the next move is up to the EU.
The Greeks have many valuable pieces of ancient art in their many museums. Surely, they could sell them to pay for their profligate socialist ways. If not, it is like a man in a big palace filled with gold is saying he’s poor and wants your money. Screw’em. Have a great day!
yeah, Greeks should join Putin’s paradise and live for free.
Bandits occupying Ukraine would have nice place to vacation.
If a businessman ran Greece he could put them on a sound financial footing in short order. Sell the art. Make a port deal with the Russians. Sell some islands. Cut the benefits and establish a free economy. But nobody would go along. It’s like the failing companies in the ‘90’s who owned property worth more than the entire company was worth. (Blocks of downtown Dallas, for example.) But they couldn’t think outside the box. They got bought and broken apart. So, in their attempt to save all they saved nothing.
“The EU intends to make an example of Greece. Unfortunately for the EU, desperate people do desperate things. And Russia is very interested.”
I heard one report yesterday that said that China was looking into buying a large chunk of the discounted Greek bonds.
Socialism runs deep in Greece.
It appears China may have problems closer to home that must be dealt with.
Russia might lose her single port on the Mediterranean in Syria so I think it’s possible Russia will try to exploit this and get a Navy base in Greece, perhaps.
Are there ATM’s for accounts still containing money?
Who has any money left unwithdrawn ?
"Greek communities have age-old survival tactics that allow them to weather storms such as World War II deprivation and natural disasters."
Hmmm. How does that work?
I think Tsipras’ intention all along was to repudiate the debt and leave the Euro.
the ATMs are empty
“I think Tsipras intention all along was to repudiate the debt and leave the Euro.”
I agree. And much as I hate it, I agree with him. The debt was not repayable. Greece is bankrupt.
Actually, I think it was Tsirpras’ plan to shakedown the EU (specifically Germany) with war guilt, bluster, outrage, and other Leftist rhetoric, to keep the flow of payments going.
That plan has obviously blown up in his face. In his naivite, he never really thought the EU would call his bluff.
Welcome to the real world, Mr. Tsirpras.
The socialist-corporatist elites of the EU are no saints in this situation. They have been spreading rumors and planting stories about banking taxes and failure to discredit the Greek government and get the outcome in the referendum they want.
They fish and grow their own vegetables.
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