Bitcoin Forum

Keeping in mind how over 50 billion euros left banks between November 2014 and July 2015, it seemed unrealistic to expect any improvement in Greece. Moreover, there were valid concerns Greece would drop the Euro and resort to emergency borrowing. However, Louka Katseli, chair of the National Bank of Greece, feels the biggest part of these restrictions will be lifted later this year.

There are particular conditions the country must adhere to before this becomes a reality, though. Greece successfully concluded a review of its bailout reforms for this month. Doing so should help restore investor confidence in Greece, albeit it is hard to predict whether or not this will be the case.

Assuming there is any truth to these rather optimistic claims, the next step will come in the form of the ECB giving Greek banks access to cheap funding. The ECB would do so by accepting Greek banks as collateral. To most people, this will sound like another disaster waiting to happen. Moreover, there is no reason for the ECB to do so, as they would gain nothing from such a move.


http://www.newsbtc.com/2016/06/18/greece-government-confident-lifting-capital-controls-soon/

Who can blame these people for not trusting the banks, after they put restrictions on their withdrawals, when they needed it the most. I saw pensioners crying in queues in front of banks, with the

employees standing behind the closed doors and not allowing anyone to enter. The reality is, banks have full control over your fiat and if they want to they can stop you from accessing it or even take

it from you. {making a small ledger entry on their private system/database} They did that in Cyprus...  >:( ... The Greek people are fed up with the banks and how they were treated.