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

[tcrlaf]

EMerging Equity 53 seconds
MACEDONIAN CENTRAL BANK SAYS TAKING “PREVENTIVE MEASURES TO MANAGE CAPITAL FLOWS” IN LIGHT OF DEVELOPMENTS IN NEIGHBOURING GREECE

[luvie]

Yowzer!!

[caww]

Euro plunged at the start of trading in Asia.

[Cboldt]

Ouzo?

I'm sure there is enough olive oil and other foodstuffs in the pipeline to keep you covered.

[Ghost of SVR4]

AM I reading that right, $0.02?

[caww]

Protestors gathering outside Greek parliament after announcement of capital controls...

[caww]

Losses on Greek default:

Germany €58bn, France €42bn, Italy €39bn, IMF €26bn -

[wiggen]

i think initial move lower then everyone realizes its the best outcome. Keep giving them money and the problem will only get bigger. This is the only way to get past this. Instead of headlines linking all of Europe with Greece the stories will be about the misery in Greece itself.

[RWB Patriot]

And the money will probably be quite devalued when they do open.

[PAR35]

Euro is going to end up going up - may take a few months after Greece leaves. On the other hand, if I could figure out how to short the Drachma....

[tcrlaf]

Fabrizio Goria 2 minutes ago
Macedonian CBank says orders banks to withdraw all dep and loans from banks situated in Greece and in branches of those banks around world

[caww]

Obama calls Merkel, asks her to fix Greece.

[tcrlaf]

zerohedge 1 minuto ATHENS EXCHANGE SEEN CLOSING FOR AT LEAST A WEEK: KATHIMERINI. ... Not more buyers than sellers

[tcrlaf]

FOREX MARKETS ARE NOW OPEN

[tcrlaf]

Money definitely fleeing the Euro for the dollar now.

EUR/USD

1.09769

1.09790

-0.01856

-1.66%

1.10173

1.09751

28-17:24:49

[uncitizen]

Welcome to the New World Order. Now go home and shelter in place and await the next terror attack of a white Christian with a g-g-g-gunnnnnn.....aaaaahhhhhhhh!

[Cboldt]

2% drop - the chart makes the drop look more substantial than it really is.

[expat2]

Oh, they can handle Greece, but if the contagion spreads to Spain, Italy, France, that is something they can't handle.

Germany could indeed back out, but they are heavily dependent on exports to other EU countries and it would hurt their economy. It's a crazy system: Germany is lending money to Greece, Spain, Italy, France so the people in those countries can buy products from Germany and keep the German economy going.

[expat2]

That is not just for Greece. That is world wide CDSs.

[expat2]

Surely the Mafia (who control Italian olive oil production and sales) would never do that....