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Topic: Greek banks to remain closed for a week's time. ATM withdrawals 60€/day (Read 608 times)

alani123
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Greek banks to remain closed for a week's time. ATM withdrawals 60€/day
June 30, 2015, 04:27:48 PM
#11
Quote from: ?? on ??
Quote from: alani123 on June 29, 2015, 01:32:19 AM
Quote from: ?? on ??
WHO THE F HAS THE POWER TO CLOSE ALL THE BANKS IN THE ENTIRE COUNTRY BY DECREE???
Years of fractional reserve along with the recent panic and unexpected political decisions can. The ECB didn't provide more liquidity to Greek banks, capital controls were inevitable after that imo.

I wasn't asking about the economic causes and justifications (which I'm aware of), but what the governmental structures are that make it possible. Did they have to declare a state of emergency, or is it legal to impose "capital controls" whenever they feel like it? Anybody know?

The finance minister has to sign a legislative act. Passed overnight.
chalkboard17
sr. member
Activity: 484
Merit: 251
Re: Greek banks to remain closed for a week's time. ATM withdrawals 60€/day
June 29, 2015, 05:49:04 PM
#10
0.001% network attack
leopard2
legendary
Activity: 1372
Merit: 1014
Re: Greek banks to remain closed for a week's time. ATM withdrawals 60€/day
June 29, 2015, 05:11:14 PM
#9
just wait, Cyprus...Greece...who's next?

Fiat collapse is a mathematical imperative.  Cheesy
tiggytomb
legendary
Activity: 1848
Merit: 1000
Re: Greek banks to remain closed for a week's time. ATM withdrawals 60€/day
June 29, 2015, 12:28:52 PM
#8
This is all such a shame fro the Greek people, restricted to how much they can draw out of their money.  Could bring a whole new meaning to the term "it's all Greek to me"!
freemind1
legendary
Activity: 1526
Merit: 1014
Re: Greek banks to remain closed for a week's time. ATM withdrawals 60€/day
June 29, 2015, 07:42:31 AM
#7
I hope the best for the Greek people. Throughout history have proven to be strong, he never gave up, and it will not now.
alani123
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
Re: Greek banks to remain closed for a week's time. ATM withdrawals 60€/day
June 29, 2015, 07:20:22 AM
#6
Well, things haven't changed that much aside from the recent panic. A crash could be avoided and I do believe that Europe still cares to prevent it from happening. To be honest though, bitcoin seems to be affected positively by all this uncertainty that's flowing around. So even in the (to me most probable) case that an exit from the monetary union is avoided bitcoin still benefits from the uncertainty that gives it buzz and brings on bullish action.
RappelzReborn
hero member
Activity: 686
Merit: 500
Re: Greek banks to remain closed for a week's time. ATM withdrawals 60€/day
June 29, 2015, 03:20:59 AM
#5
I see alot of crap happening on Greece on Television (economics etc) and I also saw the tweet of Kim Dotcom but he said price will crash and he asked us to buy Bitcoin and gold ? (after crash) ? or when crash happens we should buy :/ I asked someone he said he is speaking about a pump and not about crash
alani123
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
Re: Greek banks to remain closed for a week's time. ATM withdrawals 60€/day
June 29, 2015, 01:32:19 AM
#4
Quote from: ?? on ??
WHO THE F HAS THE POWER TO CLOSE ALL THE BANKS IN THE ENTIRE COUNTRY BY DECREE???
Years of fractional reserve along with the recent panic and unexpected political decisions can. The ECB didn't provide more liquidity to Greek banks, capital controls were inevitable after that imo.
bryant.coleman
legendary
Activity: 3752
Merit: 1217
Re: Greek banks to remain closed for a week's time. ATM withdrawals 60€/day
June 28, 2015, 10:07:04 PM
#3
Quote from: leopard2 on June 28, 2015, 09:27:58 PM
transfers within Greece are allowed, I wonder if there are BTC exchanges in Greece?

There are a few minor exchanges in Greece, such as Plus 500, EXMO, and BTC Greece. But most of the trade volume within Greece is accounted by large Bitcoin exchanges such as Bitstamp and BTC-e, which are located outside the country. Localbitcoins is also another big player in Greece. And don't forget about the new Bitcoin ATM, which opened only a few days ago in Athens.
leopard2
legendary
Activity: 1372
Merit: 1014
Re: Greek banks to remain closed for a week's time. ATM withdrawals 60€/day
June 28, 2015, 09:27:58 PM
#2
transfers within Greece are allowed, I wonder if there are BTC exchanges in Greece?
alani123
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
Re: Greek banks to remain closed for a week's time. ATM withdrawals 60€/day
June 28, 2015, 03:39:50 PM
#1
Quote
Greeks will be restricted to taking out just €60 per day for the next week, and that banks won’t reopen until July 7 -- two days after the referendum has been held.


http://www.theguardian.com/business/live/2015/jun/28/greek-crisis-ecb-emergency-liquidity-referendum-bailout-live#block-559044cae4b024248ae9a584


Lot's of uncertainty, not the easiest day to be Greek.   Undecided
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