Posted on 06/28/2015 1:38:13 PM PDT by bob_denard
Greece’s governments says banks will stay closed until after snap referendum, while stock exchange shut on Monday and cash machine withdrawals limited
Greeks will on Monday morning find their savings blocked and their banks closed for a week following a fateful weekend that has shaken Europe’s single currency.
The Greek government decided on Sunday night it had no option but to close the nation’s banks on Monday after the European Central Bank (ECB) raised the stakes by freezing the liquidity lifeline that has kept Greek banks afloat during a six-month run on deposits.
The Athens Stock Exchange will not reopen on Monday either. The dramatic move, after 48 hours of sensational developments in Greece’s long-running battles with creditors, was sparked by the country’s prime minister, Alexis Tsipras’s Friday night call for a referendum on the demands of its creditors. That prompted finance ministers of the eurozone to effectively put an end to his country’s five-year bailout by the International Monetary Fund, the ECB and the European commission.
(Excerpt) Read more at theguardian.com ...
A national referendum???
Why don’t they have political hacks appointed to their supreme court decide what is best for the masses...?
Greece: We voted for you to give us more money
Germany: sorry
Greece: WHY DO YOU HATE DEMOCRACY—
David Burge (@iowahawkblog) June 28, 2015
Asking people if they want the gravy train to keep rolling? They should just print more money. /s
I take a look at Greece and then look at our own political hacks. Greece, us. Greece, us.
When you’re doing long range monetary planning, you have to consider what things might be like in ten to fifty years.
Your investment planning becomes rather dicey if you make all your plans based on the dollar. If that dollar becomes worthless, so are your investments.
Our government has just sold us out on most everything else.
I don’t have any faith left in it, or our future as a nation.
The question becomes, what investment strategies are there for someone trying to plan beyond our doomed nation?
Yeah, you politicians can laugh if you like, but you have no idea out little faith we have in you.
The free (or borrowed) stuff is running out for the uber-Socialists.
How can the heartless EURO partners stop taking care of the poor Greeks? After all, the Greeks deserve to not have to work much...especially beyond the age of 50. My Goodness, they have great strong coffee there and need much time to enjoy it daily.
Thing is, even if the Greeks vote yes, would anybody trust the marxist-in-charge to implement it?
I wouldn’t.
I thought Europe was WELL BEYOND the NEANDERTHALS in the United States when it came to no longer using cash...in fact, I understand Europe (including Greece) to be almost cashless these days.
So what gives? Why don’t they trust their plastic now? Why are they acting like us American (conservative) BARBARIANS?
Maybe they are not so sophisticated after all? Maybe they are (just now) realizing that they have been DUPED by their government.
I’ve got 4 years worth of non-perishables non-food items and about 18 months of (virtually) non-perishable food items. I will be LAUGHING at them when the lines soon form to buy soap and toilet paper.
He called a referendum because he was too chicken $hit to make the decision himself?
The majority of voters in Greece are getting the govt. they deserve, and so are/will we.
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