[2015-07-04] Greek Banks Plan For "Bail-In" Withdrawals From Consumer Deposits

[tyz]

Greek Banks Plan For "Bail-In" Withdrawals From Consumer Deposits

In a possible redux of the handling of the Cyprus economic crisis from 2013, Greek banks are setting new contingency plans for a possible “bail-in” to avoid collapse.

Worst scenarios are gonna happen 

http://cointelegraph.com/news/114743/greek-banks-plan-for-bail-in-withdrawals-from-consumer-deposits

[RustyNomad]

One of the main features I love about bitcoin is the fact that you have full control over your own coins.

It's not tied up in somebody else's vault and or in their networks as a bunch as 1's and 0's. As they say, you are your own bank.

Hope for the people of Greece that things do not come down to bail-in's.

[gentlemand]

Ugh. That's a considerably more radical proposal than what befell Cyprus. I guess Greece is in that much more of a desperate position too. If it can happen in multiple EU countries it just goes to show that nowhere is likely to be immune.

Maybe one of the scariest aspects is how this is going to play into the hands of those who are proposing the abolition of cash. If that's taken away then you're helpless.

[colinistheman]

"Aand it's gone!"

http://youtu.be/-DT7bX-B1Mg