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Greece Defaults! Run On Banks In Greece Surges To $3 Billion In 1 Week
Saturday, June 6, 2015 7:13
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via Zerohedge by Tyler Durden & Intelligent News
According to banking sources, the net outflows sharply increased on Friday and the available liquidity of the domestic banking system reduced at very low and dangerous levels.
The same sources estimate the outflows on Friday around 700 million Euros from 272 million Euros on Thursday. The available emergency liquidity assistance (ELA) for the Greek banks is estimated around 800 million Euros. In addition, the outstanding amount of the total deposits of the private sector (households and corporations) has declined under 130 billion Euros or lower than the levels at early 2004.
The total net outflows in the last 7 business days are estimated 3.4 billion Euros threatening the stability of the Greek banks.
The same sources estimate the outflows on Friday around 700 million Euros from 272 million Euros on Thursday. The available emergency liquidity assistance (ELA) for the Greek banks is estimated around 800 million Euros. In addition, the outstanding amount of the total deposits of the private sector (households and corporations) has declined under 130 billion Euros or lower than the levels at early 2004.
The total net outflows in the last 7 business days are estimated 3.4 billion Euros threatening the stability of the Greek banks.
On top of that, Greece just missed its first IMF loan payment. They are now in default. Like everything these days, the whole stinky system if being held up with cash and weapons and while thats enough to stem things off for awhile, the crash is inevitable. Change is coming and it’s going to be brutal.
It is coming to America shortly…. read the Lord’s warnings http://revelation12.ca
The “Lord” warned us, but a man is going to collect. In you neighborhood.
Wasn’t it Goldman Sachs that rigged Greece’s books to allow Greece to qualify to join the EU?
So can’t they just re-rig Greece’s books and write off all that money that the Banksters printed out their B*tts and lent to Greece?
Greece would be become lvent once again and the Bankster would have still made a fooking fortune on all that interest that they charged on the money they printed out their B*tts
Problem sorted, what’s the big deal
We expect a massive earthquake retaliation or a thermonuclear bombing attack wiping the country off the map. Both G7 and Bilderbergers will officially declare WAR on Greece as a response to Tsipras’ decision to break the shackles imposed by the West and join the Eurasian sphere of influence after refusing to pay the ransom to ISIS/Gladio funders (the mavens of Wall Street and City).
Still stacking Silver!
TOM HENEGHAN warned everyone of this two month ago. The system is being propped up by central bankers who create money out of thin air. Maybe the Greeks like Iceland are finally getting it. The people do and that is why they voted this guy in. It will be interesting to see if he stand true to the people?
Watch the bond markets on Monday. Why would anyone keep paying interest on fake money created out of thin air? If they get another loan to cover the bogus interest payment, what will they do next month? Time to cut your losses Greece.