Greek Capital Controls Begin
Jun 28, 2015 19:28:33 GMT -5
Post by Michael Downing on Jun 28, 2015 19:28:33 GMT -5
Or as Frank Zappa said...
It can't happen here
It can't happen here
I'm telling you, my dear
That it can't happen here
Because I been checkin' it out, baby
I checked it out a couple a times, hmmmmmmmm
And I'm telling you
It can't happen here
Oh darling, it's important that you believe me
(bop bop bop bop)
That it can't happen here
ncrenegade.com/editorial/greek-capital-controls-begin-stock-market-will-not-open-on-monday-banks-closed-until-july-6/
What will you do when the government closes the banks here? The US stock market currently is down 250 points in premarket trading. This means that if a collapse occurs after trading hours here, the rest of the world can sell US stocks while you are sleeping.
David DeGerolamo
Greek Capital Controls Begin: Stock Market Will Not Open On Monday, Banks Closed Until July 6
Update 3: Bloomberg, citing Kathimerini, reports that Greek banks will remain closed until July 6.
•GREEK BANKS TO REMAIN CLOSED UNTIL JULY 6 : KATHIMERINI
•GREEK GOVERNMENT ISSUES CAPITAL CONTROLS, BANK HOLIDAY DECREE
•GREEK GOVT LIMITS CASH WITHDRAWALS TO EU60/DAY AS OF JUNE 28
•GREEK CAPITAL CONTROLS INCLUDE LOCAL BRANCHES OF FOREIGN BANKS
•GREEK GOVT SETS UP COMMITTEE TO APPROVE PAYMENTS ABROAD
Update 2: Greece's Skai reports that if/when banks reopen (supposedly on Tuesday), a 60€ withdrawal limit will be imposed.
Update: In a televised address to the nation, Greek PM Alexis Tsipras assured Greeks that their deposits are safe despite an upcoming bank holiday and despite the fact that Greek stocks will not open for trading on Monday. Tsipras also said Athens has re-applied for a bailout extension and urged Greeks to "remain calm" in the face of what is sure to be a turbulent week.
•GREEK PRIME MINISTER SAYS GREEK PEOPLE SHOULD REMAIN CALM
•GREEK PM: BANK OF GREECE PROPOSED BANK TRANSACTION RESTRICTIONS
•GREEK PRIME SAID GREECE RE-APPLIED FOR BAILOUT EXTENSION
•GREEK PRIME MINISTER SAYS DEPOSITS ARE COMPLETELY SAFE
Earlier:
Despite the reassurances from any and all elected (and unelected) officials, given the run on bank ATMs in Greece has turned into a stampede, it is not surprising that:
•GREEK BANKS TO REMAIN CLOSED FROM MONDAY FOR A WEEK: PIRAEUS BANK CEO
•PIRAEUS BANK CEO THOMOPOULOS SPEAKS TO REPORTERS IN ATHENS
The announcement was made when Piraeus Bank CEO Anthimos Thomopoulos told reporters after a meeting of the government’s financial-stability panel on Sunday. The launch of capital controls just as the Greek summer tourism season starts, is sure to be the final crushing blow to Greece, whose entire economy will now grind to a halt
www.zerohedge.com/news/2015-06-28/greek-capital-controls-begin-banks-remain-closed-monday
It can't happen here
It can't happen here
I'm telling you, my dear
That it can't happen here
Because I been checkin' it out, baby
I checked it out a couple a times, hmmmmmmmm
And I'm telling you
It can't happen here
Oh darling, it's important that you believe me
(bop bop bop bop)
That it can't happen here
ncrenegade.com/editorial/greek-capital-controls-begin-stock-market-will-not-open-on-monday-banks-closed-until-july-6/
What will you do when the government closes the banks here? The US stock market currently is down 250 points in premarket trading. This means that if a collapse occurs after trading hours here, the rest of the world can sell US stocks while you are sleeping.
David DeGerolamo
Greek Capital Controls Begin: Stock Market Will Not Open On Monday, Banks Closed Until July 6
Update 3: Bloomberg, citing Kathimerini, reports that Greek banks will remain closed until July 6.
•GREEK BANKS TO REMAIN CLOSED UNTIL JULY 6 : KATHIMERINI
•GREEK GOVERNMENT ISSUES CAPITAL CONTROLS, BANK HOLIDAY DECREE
•GREEK GOVT LIMITS CASH WITHDRAWALS TO EU60/DAY AS OF JUNE 28
•GREEK CAPITAL CONTROLS INCLUDE LOCAL BRANCHES OF FOREIGN BANKS
•GREEK GOVT SETS UP COMMITTEE TO APPROVE PAYMENTS ABROAD
Update 2: Greece's Skai reports that if/when banks reopen (supposedly on Tuesday), a 60€ withdrawal limit will be imposed.
Update: In a televised address to the nation, Greek PM Alexis Tsipras assured Greeks that their deposits are safe despite an upcoming bank holiday and despite the fact that Greek stocks will not open for trading on Monday. Tsipras also said Athens has re-applied for a bailout extension and urged Greeks to "remain calm" in the face of what is sure to be a turbulent week.
•GREEK PRIME MINISTER SAYS GREEK PEOPLE SHOULD REMAIN CALM
•GREEK PM: BANK OF GREECE PROPOSED BANK TRANSACTION RESTRICTIONS
•GREEK PRIME SAID GREECE RE-APPLIED FOR BAILOUT EXTENSION
•GREEK PRIME MINISTER SAYS DEPOSITS ARE COMPLETELY SAFE
Earlier:
Despite the reassurances from any and all elected (and unelected) officials, given the run on bank ATMs in Greece has turned into a stampede, it is not surprising that:
•GREEK BANKS TO REMAIN CLOSED FROM MONDAY FOR A WEEK: PIRAEUS BANK CEO
•PIRAEUS BANK CEO THOMOPOULOS SPEAKS TO REPORTERS IN ATHENS
The announcement was made when Piraeus Bank CEO Anthimos Thomopoulos told reporters after a meeting of the government’s financial-stability panel on Sunday. The launch of capital controls just as the Greek summer tourism season starts, is sure to be the final crushing blow to Greece, whose entire economy will now grind to a halt
www.zerohedge.com/news/2015-06-28/greek-capital-controls-begin-banks-remain-closed-monday