Greek banks down to €500m in cash reserves as economy crashes

[Ptarmigan]

Greek banks down to €500m in cash reserves as economy crashes
http://www.telegraph.co.uk/finance/economics/11714655/Greek-banks-down-to-500m-in-cash-reserves-as-economy-crashes.html

Greece is sliding into a full-blown national crisis as the final cash reserves of the banking system evaporate by the hour and swathes of industry start to shut down, precipitating the near disintegration of the ruling coalition.

 Business leaders have been locked in talks with the Bank of Greece, pleading for the immediate release of emergency liquidity funds (ELA) to cover food imports and pharmaceutical goods before the tourist sector hits a brick wall.

Officials say the central bank will release the funds as soon as Friday, but this is a stop-gap measure at best. "We are on a war footing in this country," said Yanis Varoufakis, the Greek finance minister.

Looking bad every day for Greece.

[Ptarmigan]

Violence arrives on the streets of Athens: Protesters attack police with flagpoles and tear gas is sprayed at demonstrators in rallies ahead of Greece's debt crisis referendum
http://www.dailymail.co.uk/news/article-3148785/Violence-arrives-streets-Athens-Protesters-attack-police-flagpoles-tear-gas-sprayed-demonstrators-rallies-ahead-Greece-s-debt-crisis-referendum.html

Clashes have broken out between a group of youths and police in the Greek capital's Syntagma Square just before the start of the main 'No' rally backed by Prime Minister Alexis Tsipras' government.

Greek police used pepper spray to deter several dozen anti-establishment protesters from throwing rocks and smashing property in the big Athens square in front of parliament.

Less than a kilometre away, `Yes' voters have also started gathering ahead of their own rally.

The anti austerity crowd as usual. This could be a harbinger to come for America.

[thundley4]

Violence arrives on the streets of Athens: Protesters attack police with flagpoles and tear gas is sprayed at demonstrators in rallies ahead of Greece's debt crisis referendum
http://www.dailymail.co.uk/news/article-3148785/Violence-arrives-streets-Athens-Protesters-attack-police-flagpoles-tear-gas-sprayed-demonstrators-rallies-ahead-Greece-s-debt-crisis-referendum.html

The anti austerity we want free shit crowd as usual. This could be a harbinger to come for America.

FIFY.  It will come if liberals keep giving free shit to more and more people.

[Ptarmigan]

Greek deal in sight as Germany bows to huge global pressure for debt relief
http://www.telegraph.co.uk/finance/economics/11730086/Greek-deal-in-sight-as-Germany-bows-to-huge-global-pressure-for-debt-relief.html

Germany is at last bowing to pressure as a chorus of countries and key institutions demand debt relief for Greece, a shift that could break the five-month stalemate and avert a potentially disastrous rupture of monetary union at this Sunday’s last-ditch summit.

In a highly significant move, the European Council has called on both sides to make major concessions, insisting that the creditor powers must do their part as the radical Syriza government puts forward a new raft of proposals on economic reforms before a deadline expires tonight.

Now Germany us bowing to Greece. It just shows that Germany and EU is a joke. They just delay the problem and make it even worse like they have done twice.

[txradioguy]

Greek deal in sight as Germany bows to huge global pressure for debt relief
http://www.telegraph.co.uk/finance/economics/11730086/Greek-deal-in-sight-as-Germany-bows-to-huge-global-pressure-for-debt-relief.html

Now Germany us bowing to Greece. It just shows that Germany and EU is a joke. They just delay the problem and make it even worse like they have done twice.

The fact that there even is this whole European Union is what has not allowed Greece to pull itself out of this mess in the first place

[thundley4]

Greek deal in sight as Germany bows to huge global pressure for debt relief
http://www.telegraph.co.uk/finance/economics/11730086/Greek-deal-in-sight-as-Germany-bows-to-huge-global-pressure-for-debt-relief.html

Now Germany us bowing to Greece. It just shows that Germany and EU is a joke. They just delay the problem and make it even worse like they have done twice.

Why is Germany left holding the bag? Let those other mother-effin socialists pony up the cash.

[BlueStateSaint]

Supposedly, the deal that was reached overnight is almost exactly the same as the one Greek people rejected a week ago.

[SVPete]

Why is Germany left holding the bag? Let those other mother-effin socialists pony up the cash.

Probably because the German economy is the least unhealthy among EUroLander nations.