Greek banks 'to stay shut on Monday'

BBC News ^ | 6-28-2015 | BBC News

[tcrlaf]

Greece banks to stay closed on Monday, Piraeus Bank chief says, after emergency meeting in Athens

This breaking news story is being updated and more details will be published shortly

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Twitter:

Extraordinary EP Conference of Presidents on situation in #Greece, 2moro at 14:15. JunckerEU to attend.

[tcrlaf]

Still nothing from CNN.

They have Gay and Democrat Propaganda to pimp, and that is MUCH more important!

[catfish1957]

BLACK MONDAY coming?

With an equity already over 50% overpriced, I'd say Monday may get pretty ugly.

[Cowboy Bob]

If I were a Greek citizen, you know what I'd be doing right now?

I'd be celebrating the USSC decision on gay marriage!

Who cares about the economy. Gay "marriage" is what is important right now!

[House Atreides]

At this point it’s clear that anyone who has NOT withdrawn any deposits in a GREEK bank is a complete fool. For that matter, anyone who accepts a check written on a GREEK bank account is a fool also.

[tcrlaf]

BBC

Greek banks will be closed on Monday and capital controls will be imposed, Prime Minister Alexis Tsipras says.

Speaking in a televised address, Mr Tsipras called for calm and said bank deposits were safe.

Earlier, the European Central Bank (ECB) said it was not increasing emergency funding to Greek banks.

[duffee]

Another socialist success story, liberalism triumphs.

[4yearlurker]

"Old man Potter is giving 50 cents on the dollar....better to get half than none."

[Canedawg]

The Eurogroup is an informal group. Thus it is not bound by Treaties or written regulations.

What a coincidence! Neither is the supreme court!

[tcrlaf]

Twitter:

2 minutes ago
Hellenic Petroleum is reassuring markets that it is fine (via Reuters):

HELLENIC PETROLEUM SAYS REFINERIES ARE OPERATING NORMALLY, HAVE SUFFICIENT NEEDS FOR THE MARKET

HELLENIC PETROLEUM SAYS HAVE ENOUGH RESERVES OF FUEL FOR MANY MONTHS

HELLENIC PETROLEUM SAYS FURTHER SUPPLY OF OUR REFINERIES WITH CRUDE OIL IS SECURED

HELLENIC PETROLEUM SAYS CUSTOMERS OF REFINERIES CAN PAY WITH ALL LEGAL METHODS

[tcrlaf]

Eric Scott Hunsader retweeted Eric Burroughs

Looks like the new CME FX circuit breakers may be put to the test soon..

[Mariner]

World markets will see a significant bump.

The EU banks are deeply invested and stand to lose 10's of billions.

Overnight.

[Zeneta]

Our markets haven’t been free markets for many years now.

It’s not very likely that the central bankers around the world will ever throw their hands up and say “we give up” let’s let things go and let true free markets decide.

The dislocations that would occur are real and since they actually can affect or can limit them, they find their mandates.

They know it’s a house of cards. They know that all they can do is delay the inevitable major reset. These people that run these banks aren’t stupid.

[Bogey78O]

Old Man Potter is the crony capitalists that socialists want on their side.

[Bogey78O]

The reset is being delayed as long as it can so they can cut loose the world and be the new kings.

Soros hasn’t lost a nights sleep to worry since the 1990s.

[Rodamala]

This is gonna hurt. I was hoping to make it to 3Q earnings for my hot stock pick... but...

[Mariner]

California Olive Oil is superior to anything you are going to buy from Greece, Italy, Tunisia or any other Med country.

Splurge once and purchase some of the good stuff, you'll never look back.

[houeto]

That was pretty clever of you!

[tcrlaf]

Deutchebank is holding over 57 TRILLION dollars in Credit Default Swaps related to Greek Debts.

[SamAdams76]

Thanks for the tip. I'll give California olive oil a try.

Years ago, I started buying most of my wine from California and haven't looked back.