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  • Greek banks down to €500m in cash reserves as economy crashes

    07/02/2015 7:18:44 PM PDT · by familyop · 34 replies
    The Telegraph ^ | 02 Jul 2015 | Ambrose Evans-Pritchard
    The party's hardline chief and defence minister, Panos Kammenos, dismissed them contemptuously. "We are at war and there will be no backing down. Whoever does not have the stomach for war, be gone," he said... Mr Varoufakis vowed to resign if the Greek people voted yes. "I prefer to cut off my own arm rather than sign an agreement without debt restructuring," he told Bloomberg TV. He said there is not a "smidgeon of an iota of possibility" that the terms on offer can lift the Greek economy out of a deflationary tailspin, insisting that the talks broke down because...