“The protestors need to read the small print on their accounts. Banks can decided what the cap is for an account withdrawal on any given day.”
They sure can. But the moment the banks impose limits on withdrawals, that’s when the real fun begins. Confidence will plunge, then others who aren’t in the protest will begin to freak out.
They sure can. But the moment the banks impose limits on withdrawals, that’s when the real fun begins. Confidence will plunge, then others who aren’t in the protest will begin to freak out.
><><
This summer might be fun to watch how jumpy the Frogs get.
It would be great to see that happen, but I don't believe it would.
Most citizens would understand that a particular bank branch only has a certain amount of cash on hand each day to cover cash withdrawals - and that people would need to come back the following day (or week) to get more.
30 people in line withdrawing 1,000 Euros each at any branch would probably exhaust the cash on hand.