MtGox euro withdrawal

[DAN444]

Hi
I d like to know if euro withdrawals (to eurobanks) are possible without problems?
How long does such a withdrawal take?
Regards,

[tom.hashemi]

A long time unfortunately. I would get your money out of Gox and into Bitstamp while the price difference is low (has been 6% or so today) - has been averaging about double that recently.

[scarsbergholden]

i am reading 2-6 weeks...... seems like that's what you get if you're lucky

[scarsbergholden]

You should stop using Mt. Gox. They're really slow insolvent.

fixed 

[joesmoe2012]

I've been waiting since mid sept. We already have multiple other threads on this.

[Frizz23]

I can understand that people transfer Bitcoins to MtGox - for arbitrage.

I don't understand why anyone would transfer EUR, USD, JPY to MtGox - because you can get Bitcoins 10-15% cheaper at any other exchange.

Because of this, MtGox must run out of EUR, USD, JPY. Sooner or later. Hence the long withdrawal delays.

[mp420]

I don't understand why anyone would transfer EUR, USD, JPY to MtGox - because you can get Bitcoins 10-15% cheaper at any other exchange.

I don't understand that either, but people still do that. Maybe the world is full of idiots who think bitcoin will be worth $10k or more in 5 years so paying a 10% premium is cheap.

[DAN444]

I can understand that people transfer Bitcoins to MtGox - for arbitrage.

I don't understand why anyone would transfer EUR, USD, JPY to MtGox - because you can get Bitcoins 10-15% cheaper at any other exchange.

Because of this, MtGox must run out of EUR, USD, JPY. Sooner or later. Hence the long withdrawal delays.

Thanks for the reply
How do I arbitrage if I cant get my euros out?
Do you convert the fiat currency (if at all possible)to something else on Gox to get it out within a reasonable time frame?