We’ve been hearing for some time that Greece is about to default, but it looks like this week might be it.
After runs on banks and ATMs all weekend long by Greeks rushing to get all their savings out ahead of the bailout referendum, headlines today are declaring that the stock exchange and all banks in Greece will now be shut down for the next six days.
Via Sky News:
Under the controls, there will be a daily €60 limit on withdrawals from cash machines, which will reopen on Tuesday.
The Foreign Office has warned British tourists to take enough cash to cover emergencies in case cash machines are emptied.
It said: “Visitors to Greece should be aware of the possibility that banking services – including credit card processing and servicing of ATMs – throughout Greece could potentially become limited at short notice.”
Analysts are estimating the country will likely default by Tuesday.
Some Greeks have already begun hoarding groceries and gasoline, The New York Times reports.
They clearly have no reason to trust their government, just as The Daily Sheeple reported two days ago when said government told its citizens not to worry and was promising there would be no capital controls put in place this week…
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