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

[Red in Blue PA]

Monday: (market falls) Talking heads: “this is a buying opportunity”

Tuesday: (market falls) Talking heads: “this is a buying opportunity”

Wednesday: (market falls) Talking heads: “this is a buying opportunity”

Thursday: (market falls) Talking heads: “this is a buying opportunity”

[catfish1957]

Gotta wonder what made people keep their money in the banks there this long.

This time next weeks, you might can say the same thing about American equity markets.

[catfish1957]

The Greeks asked for socialism, and they are going to get a good dose of reality shortly.

[Red in Blue PA]

Define “overpriced”. People throw that around a lot.

High prices do not equate to overpriced”.

[RayChuang88]

Remember the 2008 crash? It actually turned into a buy opportunity for many investors willing to sit out the initial crash, and they made a fortune because of it.

But the real interesting aspect of this entire crisis is the real possibility of a military coup like what happened in 1967. The effective collapse of the civilian Greek government with the default now makes a coup increasingly likely.

[Red in Blue PA]

The American equity markets are by far the best place in the world to invest, even with the POS politicians we have.

[867V309]

UNIPARTY CRONY CAPITALIST ELITES

Democrats/mooselimbs/Rinos: The new Nazis

[tcrlaf]

EUROZONE FINANCIAL CRISIS
4m
Cyprus’ finance minister says country could consider writing off 330 million euros ($370 million) in rescue loans to Greece - @AP

????
Expecting Deutchebank to pay off on those Default swaps, are they?

[CCGuy]

Chinese stock market is also looking historically bad.

Could be a very interesting few days before our three-day weekend.

Possible terrorist attack would be even more bad news at about the same time.

Enjoy and live your lives folks, but be a little more ready than usual. Can’t hurt even if nothing does happen.

[caww]

[caww]

LOLOL.....fears running high!

[Billthedrill]

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

Yeah, that's gonna leave a mark no matter how this thing bounces. BTT

[FrdmLvr]

Get your olive oil only from Spain or California. Those are the only two countries who by law can only sell 100% olive oil and can’t dilute it with other oil like vegetable oil. Apparently, some companies have been known to dilute their olive oil.

[tcrlaf]

Twitter:

Eric Burroughs
Reuters Buzz (FX and Stocks)
13 minutes ago
RTRS - GREEK FINANCIAL STABILITY COUNCIL RECOMMENDED DAILY CASH WITHDRAWAL LIMIT OF 60 EUROS AS OF TUESDAY, ATMS CLOSED MONDAY- SOURCE

[caww]

Greece Note reads: ..."Not a Penny Left"

[Oldeconomybuyer]

Running out of other people’s money.

[luvie]

I wonder if George sorts is involved in this crisis. It would be just up his alley to bring a country down. Even if, and maybe especially if, it’s his own country.

[tcrlaf]

Euro just went SPLAT! in Asia markets opening:

[caww]

Bottom line on referendum....... Yes vote ‘may’ open the banks... No vote keeps them closed indefinitely.

[tcrlaf]

Twitter:

FED READY TO PROVIDE LIQUIDITY UNDER STANDING FX SWAP LINES, FED HAS NO LIMITS ON SWAP LINES WITH ECB, OTHER CENTRAL BANKS - MNI