Posted on 05/06/2015 8:36:35 AM PDT by C19fan
Greece has revealed it is to introduce a surcharge for all cashpoint withdrawals and financial transactions in a desperate attempt to prevent citizens withdrawing their money from the country's beleaguered banks. Ministers hope the controversial move could raise as much as 180 million, which the Athens government hopes will help the country avoid defaulting on debts owed to international creditors. As the Greek economy teeters on the verge of bankruptcy, millions of panicking citizens have completely cleared their accounts - pulling more than 28 billion out of banks and pushing the total cash revenue held in the country's financial institutions to a 10-year low.
(Excerpt) Read more at dailymail.co.uk ...
Exactly, And since the country is now run by Socialists I fully expect them to simply seize all bank accounts to help settle their debts. They’ll promise the Greek people something in return but it’s not like they’ll live up to it.
Since this is only a proposal at this point, they are almost guaranteeing a run on the banks.
Soon it will be 5%, then 25%, then 75% then the acknowledgement that "your money is gone". I'd take out every dime I could immediately. 99% of something beats 100% of nothing.
Since this is only a proposal at this point, they are almost guaranteeing a run on the banks.
Just like the US government - the preferred solution to economic woes brought about by mindless socialist programs is to find another gimmick to extort more money from producers.
Coming to the big 4 in America soon.
Exactly!
Why would any Greek keep their euros in any bank in Greece or the rest of the EU? You’ll go to bed with a nice number of euros and wake to the news that they have all been replaced with “new drachmas”. They might be safe in a Swiss bank, but I expect that any Greek citizens’ accounts anywhere in the EU will be converted.
One would have to fundamentally and wholly not understand human behavior to even propose these measures - let alone enact them.
Greed, Stupidity and short-sightedness should be, like, the Greek motto.
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