[ / / / / / / / / ] [ b / n / boards ] [ operate / meta ] [ ]

/polpol/ - Politically Incorrect Discussion

Politics, news, culture, society - no shills allowed

Catalog

8chan Bitcoin address: 1NpQaXqmCBji6gfX8UgaQEmEstvVY7U32C
The next generation of Infinity is here (discussion) (contribute)
Name
Email
Subject
Comment *
File
* = required field[▶ Show post options & limits]
Confused? See the FAQ.
Embed
(replaces files and can be used instead)
Options
Password (For file and post deletion.)

Allowed file types:jpg, jpeg, gif, png, webm, mp4, pdf
Max filesize is 8 MB.
Max image dimensions are 10000 x 10000.
You may upload 1 per post.


File: 1433594486257.png (325.72 KB, 524x524, 1:1, 1423288241287.png)

f2b4ab No.15308

http://www.zerohedge.com/news/2015-06-05/greek-banks-verge-total-collapse-bank-run-surges-massively-depositors-yank-%E2%82%AC700-mill

>Because accoring to banking sources cited by Intelligent News, things today went from bad to horrible for Greek banks, when Greeks "responded with massive outflows to the Greece's government decision to bundle the four tranches to IMF into one by the end of the June."

> 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.

>This means 2.5% of all Greek deposits were pulled in just the past 5 days! Indicatively, this is the same as if US depositors had yanked $280 billion from US banks (where total deposits amount to about $10.7 trillion)

Bank runs in Greece apparently, it might actually be happening.

0f28e2 No.15322

There's not really much to say at this point, is there?

It's clear as day that the current institutions are doomed to fall, and no amount of conniving and cutting by bohemians and elites will be able to stop it. The only action is observing the fall and asking what comes after.




[Return][Go to top][Catalog][Post a Reply]
Delete Post [ ]
[]
[ / / / / / / / / ] [ b / n / boards ] [ operate / meta ] [ ]