Hasbro has the contract to print billions of new drachmas to be ready by July 4.
Posted on 06/28/2015 7:23:13 PM PDT by Enlightened1
Banks and the stock exchange will remain closed today after Greek citizens queued all weekend to withdraw savings.
Banks in Greece and the country's stock exchange will be shut all week in a sign of the deepening financial crisis.
The drastic move comes after people rushed to withdraw their cash amid panic ahead of the referendum on bailout terms.
Under the controls, there will be a daily €60 limit on withdrawals from cash machines, which will reopen on Tuesday.
Speaking in a televised address, Prime Minister Alexis Tsipras urged calm and insisted bank deposits were safe.
He blamed European partners and the European Central Bank for forcing Greece's hand.
And he said today's developments would not halt the referendum plan next Sunday.
European creditors have refused a request to extend Greece's international bailout beyond Tuesday, until after the referendum.
It means Athens is at risk of defaulting on its €1.5bn IMF payment, with membership of the eurozone hanging in the balance.
Mr Tsipras said: "The recent decisions of the Eurogroup and ECB have only one objective: to attempt to stifle the will of the Greek people.
"They will not succeed. The very opposite will occur: the Greek people will stand firm with even greater wilfulness.
"In the coming days, what's needed is patience and composure. The bank deposits of the Greek people are fully secure.
"The same applies to the payment of wages and pensions - they are also guaranteed.
"In these critical hours, we must remember that the only thing to fear is fear itself."
Sky's Europe correspondent Robert Nisbet said the closures were an attempt to limit damage to banks as people rushed to withdraw money.
"This is a very serious development," Nisbet said.
"Things are looking particularly gloomy for Greece's continued membership of the eurozone."
(Excerpt) Read more at news.sky.com ...
Living on the edge..
Hehe.
Of course they are. And Obamacare would save us money.
and spiders, don't forget spiders.
This won't hurt. (it will)
You can trust me (you can't - people you can truth don't need to say it)
Your bank deposits are fully secure (they're not)
The check is in the mail.
Oh yeah.... LOL!
My bet is Greece goes to Russia/China and the Brics Central Bank.
Bye Bye Euro....
Expect a world war as the only way out to sell the E.U. collapsing currency.
The bright side is that it’s strengthens the U.S. dollar, but Wall Street hates that.
Good thing our IRAs and 401KS are so safe..........errr....wait....
For the short run....
Hasbro has the contract to print billions of new drachmas to be ready by July 4.
The Greeks voted themselves to be the new NBA champions.
The only difference between the US and Greece is that we are bigger and can manage to hang in for a little longer. But the ignorance and stupidity are about the same, and unless some drastic changes are implemented before long I don’t foresee see a very bright future.
Still worth more than Zimbabwean dollars.
socialists in debt think the gravy train will never end
popcorn!!!
relatively strengthens the US dollar anyway
A modern-day Greek Tragedy plays out.
International trading companies with international investors are on high alert this afternoon. Employees told to come in early and expect a bumpy ride tomorrow.
Except, if they don't reach a deal, the banks will have no Euros for the depositors to withdraw.
Ping.
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