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- In Greece could soon rules according to which the citizens can only be limited to withdraw money. This is to prevent all rooms at once their accounts -. And go the banks bankrupt
- But the “bank run” has already started
- The Greek central bank chief called the banking system anyway. stable.
Greece is not bankrupt, at least not officially, although the state coffers are almost empty. But many citizens of the euro area country put forward to a national bankruptcy, which will turn the heads of government at a crisis summit on Monday yet. The hope that they will find a solution that is low: This week, the Greeks raised to Friday from their banks around three billion euros from; Only on Friday, it was again 1.5 billion according to unofficial data from Athens. The European Central Bank (ECB) increased its emergency aid for the Greek banking system on again, without making any precise information. Only on Wednesday, the ECB had granted 1.1 billion
debt dispute What would a “dirty exit” of Greece
What happens if Greece does not agree to June 30 with its lenders? IMF, ECB, governments and investors would have to make many decisions.
Many Greeks fear that it will soon be capital controls in their country. The are supposed to prevent a “bank run”, a “switch tower”. But he has long since begun. The panic has captured even bank employees. A foreign trader reported the Süddeutsche Zeitung , he had to get into a store in the south of the Greek capital: “Lift up everything.” Snakes did not exist prior to the machine on Friday. But anxious voices. A 62-year-old retired sailor said, “I’m just a bit of money to go shopping I do not care if the banks close with Euro or Drachma we starve…”
The Greeks want to keep the euro
On Thursday evening, there was the first time in Athens, a pro-euro demonstration with about 10 000 participants. The majority of Greeks is to polls continue to remain in their country in the euro. Premier Alexis Tsipras on Friday tried to calm and referred to the Special Summit of the Euro-leaders on Monday. Athens had negotiations “at the highest political level in Europe” desired and working on a success of the summit. Who put on a “scenario of fear,”
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Tsipras was on Friday in St. Petersburg, where he met for the second time since he took office with the Russian President Vladimir Putin. He said Greece located in the midst of a storm. “But we are sailors.” With the travel of Politicians apparently wanted to put a point against Brussels. He praised Russia’s “major role in international processes” and called the country an “old friend”. Energy Minister Panagiotis Lafazanis, who was mitgereist, denied by St. Petersburg from a report by the Athens newspaper Ta Nea , after which Greece already bunkere petrol and diesel for nine months, in the event of Grexits. A sovereign default would have for the import-dependent country serious consequences
Depression Three reforms that really needs Greece
If the Grexit? No, a compromise is likely. But will not solve the basic problems of the Greek economy. What the country needs now.
plans for capital controls are already in Athens in the drawers, on the implementation would require a law. According to information from the SZ the daily limit of 50 euros could thereby initially be significantly lower than in Cyprus, the first euro country in 2013 the outflow of funds slowed. Should it come to extremes, the Grexit, bank branches were backed by the army and police. The offshoot of Greek banks in Romania and Bulgaria would probably nationalized immediately.
“We have the most expensive pillow in the world”
Even Federal Reserve Chairman Giannis Stournaras sought on Friday to sedative and called the Greek banking system stable. On Wednesday he had warned in a report to Parliament explicitly against a Grexit. The bank report also is where the money from the accounts (since November 2014 around 30 billion euros) has flowed: under pillows, in cupboards and drawers (20 billion euros). “We have the most expensive pillow in the world,” tweeted the deputies of the liberal opposition party Potami, Giorgos Mavrotas. Another Twitterer said: “The money is still in the flowerpots, we grow money trees.”
was less ready for a joke Parliament President Zoi Konstantopoulou. She threw Stournaras ago that he had exceeded his authority with the reminders. The Syriza MPs Rachel Makri showed Stournaras therefore even and accused him of being responsible for the run on the banks.
Meanwhile, there is also the report of a “truth commission” of Parliament. The concludes, Athens should its debt “not repay,” because these “illegal” are. Earlier governments and the EU had 2010 “conspired” to save Greece held the “financial institutions to protect”. The newspaper Kathimerini said the report makes Tsipras a compromise even more difficult.
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