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Title: Greek banks prepare plan to raid deposits - 30% cut! Post by: LiteCoinGuy on July 03, 2015, 07:46:28 PM Greek banks prepare plan to raid deposits to avert collapse - Financial Times
The plans, which call for a “haircut” of at least 30 per cent on deposits above €8,000, sketch out an increasingly likely scenario for at least one bank, the sources said. http://www.ft.com/intl/cms/s/0/9963b74c-219c-11e5-aa5a-398b2169cf79.html Title: Re: Greek banks prepare plan to raid deposits - 30% cut! Post by: Meuh6879 on July 03, 2015, 10:06:31 PM Title: Re: Greek banks prepare plan to raid deposits - 30% cut! Post by: eerygarden on July 03, 2015, 10:43:13 PM Any free online newspapers reporting this yet?
Title: Re: Greek banks prepare plan to raid deposits - 30% cut! Post by: eerygarden on July 03, 2015, 10:57:41 PM http://www.zerohedge.com/news/2015-07-03/greek-banks-considering-30-haircut-deposits-over-€8000-ft-reports
Malicious rumour apparently. Its like watching boxing this! Title: Re: Greek banks prepare plan to raid deposits - 30% cut! Post by: IIOII on July 03, 2015, 11:21:07 PM http://www.zerohedge.com/news/2015-07-03/greek-banks-considering-30-haircut-deposits-over-€8000-ft-reports Malicious rumour apparently. Its like watching boxing this! It's possible that these rumors will become reality within a few days. It happened in Cyprus before. Greece is in serious trouble without continued emergency support from the ECB. If this happens a second time, it will have an increased psychological impact. Savers all across Europe will take out money from the banks... this could start a chain reaction. Title: Re: Greek banks prepare plan to raid deposits - 30% cut! Post by: LiteCoinGuy on July 04, 2015, 08:06:44 AM http://www.zerohedge.com/news/2015-07-03/greek-banks-considering-30-haircut-deposits-over-€8000-ft-reports Malicious rumour apparently. Its like watching boxing this! It's possible that these rumors will become reality within a few days. It happened in Cyprus before. Greece is in serious trouble without continued emergency support from the ECB. If this happens a second time, it will have an increased psychological impact. Savers all across Europe will take out money from the banks... this could start a chain reaction. rumors = reality soon. just look in the history books. Title: Re: Greek banks prepare plan to raid deposits - 30% cut! Post by: bryant.coleman on July 04, 2015, 08:35:47 AM Troika propaganda. I have contacted all of my Greek friends, and they are sure that this news is just another fake propaganda-piece. The referendum is scheduled to happen in less than 24-hours time, and until the results are out, you are going to get bombarded with many such propaganda articles. That said, the Greeks are still going to vote NO by a big margin. ;D
Title: Re: Greek banks prepare plan to raid deposits - 30% cut! Post by: eerygarden on July 04, 2015, 09:56:56 AM http://www.zerohedge.com/news/2015-07-03/greek-banks-considering-30-haircut-deposits-over-€8000-ft-reports Malicious rumour apparently. Its like watching boxing this! It's possible that these rumors will become reality within a few days. It happened in Cyprus before. Greece is in serious trouble without continued emergency support from the ECB. If this happens a second time, it will have an increased psychological impact. Savers all across Europe will take out money from the banks... this could start a chain reaction. rumors = reality soon. just look in the history books. The victors write the history books. If the yes vote wins a 30% haircut is more likely if you consider things rationally. Probably less so with a no vote. I am sure not 100% of rumours materialise to be true. Title: Re: Greek banks prepare plan to raid deposits - 30% cut! Post by: edric on July 04, 2015, 10:40:09 AM http://www.zerohedge.com/news/2015-07-03/greek-banks-considering-30-haircut-deposits-over-€8000-ft-reports Malicious rumour apparently. Its like watching boxing this! It's possible that these rumors will become reality within a few days. It happened in Cyprus before. Greece is in serious trouble without continued emergency support from the ECB. If this happens a second time, it will have an increased psychological impact. Savers all across Europe will take out money from the banks... this could start a chain reaction. Once Greece will start recovering, Euro will rise in value which will have a negative impact on the economy and eventually make its goods less competitive...well I am considering if Greece recovers that is but the impact will definitely trouble its trade. Title: Re: Greek banks prepare plan to raid deposits - 30% cut! Post by: Lauda on July 04, 2015, 10:42:22 AM As far as I can tell the plan that is being mentioned in the question is most likely to get rejected. We will find out very soon.
I wonder if this article is true or not. That's definitely a hefty cut and it is deposit above only €8000. At least while the situation with Cyprus it was deposits above 100k (if I recall correctly) and the percentage was lower. If anyone ever questions the need for Bitcoin, slap him in the face. Title: Re: Greek banks prepare plan to raid deposits - 30% cut! Post by: IIOII on July 04, 2015, 11:14:26 PM The victors write the history books. If the yes vote wins a 30% haircut is more likely if you consider things rationally. Probably less so with a no vote. I am sure not 100% of rumours materialise to be true. I don't think the vote matters in any way. The country and the banks are bankrupt, that's a fact. Even with reduced outflow of banknotes, they won't be able to handle the situation with either a) more immediate aid from the ECB and/or b) expropriation. Whatever the vote is, I doubt that the ECB will act fast enough to prevent b) from happening. Troika propaganda. Remember Cyprus. The truth will be revealed by government after the event, not before (except for some "special friends"). Title: Re: Greek banks prepare plan to raid deposits - 30% cut! Post by: EternalWingsofGod on July 05, 2015, 08:00:32 AM Only time will tell rumors are likely to become reality just recalling the same problem occured in Cyprus there is precedent for this type of event to occur, also it partially depends how much deposit insurance they set for citizens which is difficult to predict.
http://www.bbc.com/news/world-europe-33354036 Having Greek Bank shares is likely what will happen to most people in Greece to have liquid banks. Title: Re: Greek banks prepare plan to raid deposits - 30% cut! Post by: LiteCoinGuy on July 05, 2015, 08:12:20 AM Greece — The One Biggest Lie You Are Being Told By The Media
https://truthandsatire.wordpress.com/2015/07/03/greece-the-one-biggest-lie-you-are-being-told-by-the-media/ Title: Re: Greek banks prepare plan to raid deposits - 30% cut! Post by: Cluster2k on July 05, 2015, 08:13:17 AM The most surprising thing about this story is that there's any money left to take in Greek banks.
Title: Re: Greek banks prepare plan to raid deposits - 30% cut! Post by: LiteCoinGuy on July 05, 2015, 03:02:59 PM The most surprising thing about this story is that there's any money left to take in Greek banks. so true (about 125 billions €...) . when you look at it in a positive way: that should give "us" enough time when the crisis hits our countries... so next week the Gov will extent the capital controlls and bank wont open for some weeks. maybe the Gov will make the 30% cut in some weeks too. Title: Re: Greek banks prepare plan to raid deposits - 30% cut! Post by: countryfree on July 05, 2015, 06:14:12 PM I don't know about the haircut planned by the FT, but I can't imagine the ECB will keep on pumping up Greek banks with free money. Something's going to break, and the Greek banks are on the front line if anything happens. There will be blood, no doubt about that.
Title: Re: Greek banks prepare plan to raid deposits - 30% cut! Post by: locopao on July 05, 2015, 11:09:35 PM No such thing as "haircut"
Greek banks are not greek no more. All the debts are already sold to the european banks (mainly german). Haircut was just a propaganda and a way of pushing greek people to vote for "Yes". Unfortunately, this didn't work. People of Greece said "NO" (61%). And tomorrow morning, ECB will HAVE to raise ELA in order to preserve its values. Title: Re: Greek banks prepare plan to raid deposits - 30% cut! Post by: countryfree on July 06, 2015, 12:28:50 AM No such thing as "haircut" Greek banks are not greek no more. All the debts are already sold to the european banks (mainly german). Haircut was just a propaganda and a way of pushing greek people to vote for "Yes". Unfortunately, this didn't work. People of Greece said "NO" (61%). And tomorrow morning, ECB will HAVE to raise ELA in order to preserve its values. Are you sure about that? I, like most bankers (which I'm not), believe the ECB will have to cancel all payments to Greece, very precisely to preserve its values, and its mission. If Greece doesn't pay back its debts, it's simply illegal for the ECB to finance it. And no Greek debt has been sold or transferred to European banks. That doesn't work like this. Check the regulations regarding the ECB mission and rights. Title: Re: Greek banks prepare plan to raid deposits - 30% cut! Post by: davidorentol on July 06, 2015, 02:09:43 AM http://cafmuseum.techno-science.ca/img/education-programs/cafm/education-sheep-shearing-festival.jpg
Title: Re: Greek banks prepare plan to raid deposits - 30% cut! Post by: TPTB_need_war on July 06, 2015, 03:16:26 AM Greece — The One Biggest Lie You Are Being Told By The Media https://truthandsatire.wordpress.com/2015/07/03/greece-the-one-biggest-lie-you-are-being-told-by-the-media/ Adopting crypto would mean austerity for the Greeks beyond recognition. All fraud would immediately be forced out with the biggest economic reset conceivable. I wouldn't recommend this to the Greeks unless they cut down all government regulation except for the 10 commandments as well. Remember the EU is allowed under Article 352 to wage economic emergency warfare against any internal threat to internal order internal to the EU. They will unleash such chaos and suffering on the Greeks, that they can force them to beg for Euros. Bitcoin may be getting a bounce from this, but in the end Greece will be harnessed by EU and Bitcoin will turn down from $315-$320 back to under $150 and mostly likely double-digits. Note the slide into the NWO is at its most challenging for the TPTB while dealing with these fringe countries such as Iceland, Greece, and Cyprus. Once they get those done, then Spain, France, Italy, etc will fall like dominoes into the trap. They have no faith in their beliefs. What does that say about gonvernments and their currency - "the full faith and credit" ? When faith fades, government will not survive long. Astute. When Greece votes no to "austerity", I suspect they do not know what they are voting "yes" to. The people have no idea the sacrifice that is required for them to reform their government which sold out to Goldman Sachs long ago. The problem of socialism is institutionalized and ingrained dependence. That is why the cancer can not be easily escaped without total chaos. And when the chaos comes, the NWO will be waiting to catch the burnout from the wars and riots and offering peace. Precisely as depicted on those murals at the Denver airport (Google "something strange at the Denver airport"). This was premeditated by TPTB. They are even laughing at us in our face with those murals. They know cows and sheep can't self-organize (http://www.armstrongeconomics.com/archives/34431). But ... the knowledge age can self-organize and that is precisely what I am up to with my work which is much broader than just an anonymous altcoin. Hopefully soon you will see the fruits of my long-winded, long gestation labor. I am looking forward to Armstrong's comments re Greece tomorrow and the near-future. I think I understand this better than Armstrong does. Perhaps the Troika will use the big stick of capital controls to induce the Greeks to vote for the Troika's bailout terms which contains a few carrots with more austerity. The referendum is some sham to convince the Europeans they are not under a dictatorship, as was the case for Scotland. Remember my prediction in 2010 in the "Understanding Everything Fundamentally" essay. You will probably need a week or two of studying the thread slowly. I will be the first to admit I needed a week to fully absorb the following works of AnonyMint. The Rise of Knowledge (http://www.coolpage.com/commentary/economic/shelby/Demise%20of%20Finance,%20Rise%20of%20Knowledge.html) Understand Everything Fundamentally (http://www.coolpage.com/commentary/economic/shelby/Understand%20Everything%20Fundamentally.html) http://www.coolpage.com/commentary/economic/shelby/Understand%20Everything%20Fundamentally.html#europe "Coase’s theorem says that an inefficient internal order will continue for as long as there remains an unavoidable frictional barrier insulating it from the more efficient external possibilities. The fundamental reason the EU crisis will not result in a disintegration of the union, at least not until its people significantly abandon collectivism, is that organisms which are unable to comprehend the mechanism by which they are consuming resources faster than their ecosystem can replenish, thus are unable to stop the mechanism before they perish. So the implosion of the friction and thus the order only occurs when they perish, because they will continue to repeat the mechanism which they do not understand to be a cause of their suffering. This can be verified in a petri dish, as an organism will reproduce until it consumes all of its food or oxygen." Yet another in my growing list of "I told you so". Armstrong finally starting to realize what I told him years ago, that the Euro was designed from the beginning to federalized Europe. http://www.armstrongeconomics.com/archives/34228 Quote You Can Check-In for the Euro – But You Can Never Leave ...Brussels has a hidden clause that shows from the very beginning this was a covert action to federalize Europe displacing democratic institutions from the top down... ...This Article 352 allows the EU to wage economic war on any member state to force its will upon the people regardless of what they vote. This is an amazing authoritarian view for this is not just about maintaining a single currency, it is now all about centralized power. The EU is now in a position to carry out coercive measures against Greece that are completely outside any legal framework. http://www.nytimes.com/2015/07/02/business/international/greece-bailout-tsipras.html Quote With its banking system shut down and access to further aid cut off, Greece faced the prospect of further debt defaults... ...Chancellor Angela Merkel of Germany made clear on Tuesday that she favored waiting until after the Greek referendum on Sunday to reopen talks, and her finance minister, Wolfgang Schäuble, repeated that message on Wednesday after news of Mr. Tsipras’s letter became public. I told you so: http://www.armstrongeconomics.com/archives/34268 Quote In a TV interview, Mr. Varoufakis said very clearly, “This is a very dark moment for Europe. They have closed our banks for the sole purpose of blackmailing what? ... The Troika deliberately closed the banks to punish the people of Greece, and to show them what exiting the euro means. This appears to be their only way of diverting the crisis with orchestrating a fake “YES” vote to economic suicide. The Troika will attempt to rig the referendum as they did with the Scottish elections. http://www.armstrongeconomics.com/archives/34373 Quote EU Openly Wants To Overthrow the Greek Government The Deutsche-Wirtschafts-Nachrichten is reporting that the head of the EU and Merkel are now openly calling for the overthrow of the Greek Government. It is their way or no way. To defend a failed Euro, they will not tolerate any democratic process that disagrees with their vision of a federalized Europe. This is World War III, just in economic domination coming from Brussels. The President of the European Parliament, Martin Schulz, has stated that holding new elections in Greece is now mandatory when the people vote for the reform program of the creditors. He insists that any relief for the Greeks, which is blackmail keeping their banks closed, will be bridged with a technical transitional government until elections are held that approve only their candidates, and that this will be a requirement of further negotiations. “If this transitional government is a reasonable agreement with the donors, then Syriza time was over. Then Greece has another chance, ” said Schulz. This is outright dictatorship for not a single member of the Troika is elected by the people including the head of the IMF Christine Lagarde. We have been forecasting a Crisis is Democracy would emerge by 2015.75 back at our 1985 conference. This is just how all societies collapse. Unfortunately, well – it is here. Title: Re: Greek banks prepare plan to raid deposits - 30% cut! Post by: scarsbergholden on July 06, 2015, 04:12:09 AM At lease the people are able to choose some what of what is happening now, i wonder if there going to be an investigation to why Greece is such financial disaster someone made the wrong move some where and millions are now suffering this drama.
Title: Re: Greek banks prepare plan to raid deposits - 30% cut! Post by: qiwoman2 on July 06, 2015, 05:38:30 AM At lease the people are able to choose some what of what is happening now, i wonder if there going to be an investigation to why Greece is such financial disaster someone made the wrong move some where and millions are now suffering this drama. Well the powers that got Greece into this mess, aka mainly the rich who didn't pay tax and the past 2 govts should now start being put through the justice system and their assets should be frozen until each investigation is complete but it will cost the GOVT and the Justice system a lot of money..Maybe they can do that as liquidity starts coming in.. Title: Re: Greek banks prepare plan to raid deposits - 30% cut! Post by: HarHarHar9965 on July 06, 2015, 05:45:09 AM At lease the people are able to choose some what of what is happening now, i wonder if there going to be an investigation to why Greece is such financial disaster someone made the wrong move some where and millions are now suffering this drama. yes, but the problem is that they are able to choose only somewhat, not everything which is happening to them creating an illusion that whatever further happens ahead, would be a group decision and a result of that will affect all our lives, making it fault of the whole nation if something goes wrong. They should have asked the people when they were taking loans, why are they asking now when its time to pay debts? :-\ Title: Re: Greek banks prepare plan to raid deposits - 30% cut! Post by: Amph on July 06, 2015, 07:29:35 AM At lease the people are able to choose some what of what is happening now, i wonder if there going to be an investigation to why Greece is such financial disaster someone made the wrong move some where and millions are now suffering this drama. Well the powers that got Greece into this mess, aka mainly the rich who didn't pay tax and the past 2 govts should now start being put through the justice system and their assets should be frozen until each investigation is complete but it will cost the GOVT and the Justice system a lot of money..Maybe they can do that as liquidity starts coming in.. i've read that it was because of the Olympics game in Athens 2004, basically they went too big with it, and they lost tons of money, that debt has been carried on for many years without ever being extinguished |
