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These pics say it all, next up they will be rioting, lighting fires (again) and praying that tomorrow is better.
https://www.vice.com/en_uk/read/greeks-are-withdrawing-all-their-cash-876
Reddit comments:
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[–]feigns_NA 448 points 9 hours ago
I'm an American on vacation in Greece at the moment. Not only is there a run on the bank going on, but businesses are not accepting credit cards either. I am currently waiting in line for one atm out of three that still has some cash left. Crazy times.
I'm an American on vacation in Greece at the moment. Not only is there a run on the bank going on, but businesses are not accepting credit cards either. I am currently waiting in line for one atm out of three that still has some cash left. Crazy times.
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[–]chewyjackson 30 points 7 hours ago
Why are they not accepting credit cards?
Why are they not accepting credit cards?
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[–]pilot3033 151 points 7 hours ago
Because when you accept a credit card, you're accepting the credit card bank's promise to pay you. Not a great proposition if you have no faith in the bank.
Because when you accept a credit card, you're accepting the credit card bank's promise to pay you. Not a great proposition if you have no faith in the bank.
https://www.reddit.com/r/worldnews/comments/3bdu3k/greeks_are_emptying_their_bank_accounts_after/
Other comments:
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I don't see why anyone in Greece would still have significant amounts of cash in a Greek bank.
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If Greece's economy tanks, won't the money they withdraw become worthless? Shouldn't they be buying gold?
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Honestly this story has been every single day for the past two months. If you're a Greek citizen and have any money whatsoever in the bank locally (except for immediate payments of bills) you're insane. I'd have withdrawn that stuff weeks ago, or maybe in the last two weeks at the very latest. Nothing here is as surprising as the lines at ATMs. Seriously...wtf people?!
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It's more like a bank saunter or a bank jog at most so far. When the banks open tomorrow (if they open at all), the last of the euros they have in stock will be gone in minutes as they've been kept afloat by the ECB since about last week.
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Why would anyone with half a brain wait this long? Cypris' capital controls should have been a giant red flag to anyone paying attention that your money would not be safe in a Greek Bank if you were a Greek Citizen.
