Sunday, June 28, 2015

Greeks Stage 'Bank Runs' On Nation's ATM Machines

Massive nationwide protests are already in the works and officials within the country confirm that banks in Greece will not open on Monday...

(The Telegraph) Greek banks will not open on Monday, confirms Alexis Tsipras, who says that ECB not increasing urgent cash was an attempt to 'blackmail' Greeks.

Greece's banks are in pretty bad shape, and could close for the whole of next week. Deposits fell to an 11-year low last month and have lost nearly 15pc of their total value since November. Most wealthy Greeks pulled their money out as soon as the Leftist Syriza government came to power in late January, promising to end austerity.

Protests are taking place across Athens after the Greek Government imposed limits on bank transactions.

Greek Prime Minister Alexis Tsipras has urged the Greek people to have "patience and composure"...

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Posted By: Chris Carmouche