Greece faces banking crisis after eurozone meeting breaks down
"Some €2bn of deposits have been withdrawn from Greek banks so far this week – including a record €1bn yesterday – triggering fears that a breakdown in talks would spark a further flight of funds."
http://www.theguardian.com/world/2015/jun/18/greece-faces-banking-crisis-after-eurozone-meeting-breaks-down
Topic: Stocks fall globally as Greek talks collapse - page 5. (Read 8323 times)
Millions of euros withdrawn from cash-strapped Greece's ATMs
"BBC's James Reynolds reports from Athens on the affect the financial crisis is having on businesses, and the increase of withdrawals from cash machines. As many as 1.5bn euros have been withdrawn in a week."
http://www.bbc.com/news/business-33192254
"BBC's James Reynolds reports from Athens on the affect the financial crisis is having on businesses, and the increase of withdrawals from cash machines. As many as 1.5bn euros have been withdrawn in a week."
http://www.bbc.com/news/business-33192254
Greece will exit. It is the correct solution for both parties.Just a bit bizarre how they have no apparent currency in waiting.
It's about time that they left, the can has been kicked, maybe they have reached the end of the street now!Bitcoin might get some influx from this situation, but Greece will NOT adopt bitcoin, so I wouldn't get my hopes up too much.
I will be happy if Grexit happens, short term pain instead of long term misery!
Greece will exit. It is the correct solution for both parties.Just a bit bizarre how they have no apparent currency in waiting.
wasnt this waiting to happen though?
I feel like greece is a black hole for the euro, and it just keeps on getting unfed until they stop.
I feel like greece is a black hole for the euro, and it just keeps on getting unfed until they stop.
That inspiring speech did some awesome job am I right?
Or am I right? Like greece is a prime example, when bitcoin is used when financial stress happens people need options to get out their money into btc fast to save whatevers left to exchange something better.
China stock market bubble debate turns to when, not if, stocks will crash
http://business.financialpost.com/investing/china-stock-market-bubble-debate-turns-to-when-not-if-stocks-will-crash
http://business.financialpost.com/investing/china-stock-market-bubble-debate-turns-to-when-not-if-stocks-will-crash
When you look at the problem as a purely Greek monetary problem, you have already failed in your analysis and conclusion.
Lets say that Greece does default. It is a relatively small amount of money and the loses are spread out over the whole world thanks to the IMF.
Its not the money, its the confidence in the union that will take the bigger hit.
Lets say that Greece does default. It is a relatively small amount of money and the loses are spread out over the whole world thanks to the IMF.
Its not the money, its the confidence in the union that will take the bigger hit.
This is a lose lose event. If Greece gets bailed out, again, this tells the other bailed out countries that no matter what, they will get bailed out. If I were the PIIGS, I would immediately demand renegotiation of my loan terms. On the other hand, if Greece defaults and is forced out of the EU, this will tell outside nations that the EU and particularly the Euro, are based on the whims of the wealthier members and that the EU is a union in name only.
Bitcoin surges as Grexit worries mount, posts best run in 18 months
"Bitcoin surged by as much as 7 percent on Tuesday and was on track for its longest winning streak in 18 months, as concerns that Greece could tumble out of the euro drove speculators and Greek depositors into the decentralized digital currency.
Prime Minister Alexis Tsipras lashed out at Greece's creditors on Tuesday as he defied a string of warnings that Europe is preparing for a "Grexit". The debt-stricken country faces 1.6 billion euros ($1.8 billion) in repayments to the International Monetary Fund by the end of June."
http://www.reuters.com/article/2015/06/16/us-eurozone-greece-bitcoin-idUSKBN0OW2DS20150616?feedType=RSS&feedName=technologyNews
"Bitcoin surged by as much as 7 percent on Tuesday and was on track for its longest winning streak in 18 months, as concerns that Greece could tumble out of the euro drove speculators and Greek depositors into the decentralized digital currency.
Prime Minister Alexis Tsipras lashed out at Greece's creditors on Tuesday as he defied a string of warnings that Europe is preparing for a "Grexit". The debt-stricken country faces 1.6 billion euros ($1.8 billion) in repayments to the International Monetary Fund by the end of June."
http://www.reuters.com/article/2015/06/16/us-eurozone-greece-bitcoin-idUSKBN0OW2DS20150616?feedType=RSS&feedName=technologyNews
Weird. I would've expected a headline like that from one of the crappier straw-grasping coin 'news' sites. Is there the slightest evidence of this anywhere?
Bitcoin surges as Grexit worries mount, posts best run in 18 months
"Bitcoin surged by as much as 7 percent on Tuesday and was on track for its longest winning streak in 18 months, as concerns that Greece could tumble out of the euro drove speculators and Greek depositors into the decentralized digital currency.
Prime Minister Alexis Tsipras lashed out at Greece's creditors on Tuesday as he defied a string of warnings that Europe is preparing for a "Grexit". The debt-stricken country faces 1.6 billion euros ($1.8 billion) in repayments to the International Monetary Fund by the end of June."
http://www.reuters.com/article/2015/06/16/us-eurozone-greece-bitcoin-idUSKBN0OW2DS20150616?feedType=RSS&feedName=technologyNews
"Bitcoin surged by as much as 7 percent on Tuesday and was on track for its longest winning streak in 18 months, as concerns that Greece could tumble out of the euro drove speculators and Greek depositors into the decentralized digital currency.
Prime Minister Alexis Tsipras lashed out at Greece's creditors on Tuesday as he defied a string of warnings that Europe is preparing for a "Grexit". The debt-stricken country faces 1.6 billion euros ($1.8 billion) in repayments to the International Monetary Fund by the end of June."
http://www.reuters.com/article/2015/06/16/us-eurozone-greece-bitcoin-idUSKBN0OW2DS20150616?feedType=RSS&feedName=technologyNews
Because cryptocurrency isn't relevant enough for global finance.
Right now it doesn't need to be relevant to the whole globe, just a few million more people who have had enough of their savings seized or their fiat purchasing power diluted.
Also, I feel sorry for the Chinese retail investors. They don't realize it yet, but they are the unwitting participants in their government's attempt at a 'bail in' using their domestic stock market as the vehicle. They will all soon be holding very heavy bags of way overvalued Chinese stock, that will begin a multi-year descent, and probably won't see a rise again for 7+ years or possibly a decade or more.
Not necessary a few million people, it only takes a handful of fiat whales to deposit their stuff on Bitcoin to drive the price nuts. Unfortunately, I don't see it happening any time soon. We are still the mega pioneers, it will take a couple years more.
Fund Managers Pile Into Cash Amid Market Volatility
"We seem to have entered an environment where cash is king and will likely be king for the foreseeable future," said Christophe Caspar, chief investment officer for Europe, the Middle East and Africa at Russell Investments, which looks after around $272 billion in funds."
http://www.nasdaq.com/article/fund-managers-pile-into-cash-amid-market-volatility-20150616-00596
"We seem to have entered an environment where cash is king and will likely be king for the foreseeable future," said Christophe Caspar, chief investment officer for Europe, the Middle East and Africa at Russell Investments, which looks after around $272 billion in funds."
http://www.nasdaq.com/article/fund-managers-pile-into-cash-amid-market-volatility-20150616-00596
China shares fall as government moves to limit margin trading
http://www.lse.co.uk/AllNews.asp?code=z8alejjm&headline=UPDATE_China_shares_fall_as_government_moves_to_limit_margin_trading
http://www.lse.co.uk/AllNews.asp?code=z8alejjm&headline=UPDATE_China_shares_fall_as_government_moves_to_limit_margin_trading
Capital controls in Greece? 
Hong Kong Boom-to-Bust Stocks Show Challenge of China Link
"Wild gyrations in Hong Kong share prices are raising concerns that a new trading link with mainland China is a conduit for questionable trading practices that could undermine the city's reputation as a center of global finance.
At least four companies that climbed to dizzying values in only a few months have come abruptly crashing down in the past several weeks for reasons that remain unclear.
The strange trading patterns have gripped Hong Kong's financial community with a narrative of paper fortunes built quickly and then wiped out in an even shorter time."
http://abcnews.go.com/International/wireStory/hong-kong-boom-bust-stocks-show-challenge-china-31793228
"Wild gyrations in Hong Kong share prices are raising concerns that a new trading link with mainland China is a conduit for questionable trading practices that could undermine the city's reputation as a center of global finance.
At least four companies that climbed to dizzying values in only a few months have come abruptly crashing down in the past several weeks for reasons that remain unclear.
The strange trading patterns have gripped Hong Kong's financial community with a narrative of paper fortunes built quickly and then wiped out in an even shorter time."
http://abcnews.go.com/International/wireStory/hong-kong-boom-bust-stocks-show-challenge-china-31793228
London open: UK stocks drop to five-month low ahead of CPI data
"UK stocks dropped into the red for a third straight day on Tuesday on the back of ongoing concerns about Greece, a sell-off in China and caution ahead of inflation data. "
https://uk.finance.yahoo.com/news/london-open-uk-stocks-drop-090300049.html
"UK stocks dropped into the red for a third straight day on Tuesday on the back of ongoing concerns about Greece, a sell-off in China and caution ahead of inflation data. "
https://uk.finance.yahoo.com/news/london-open-uk-stocks-drop-090300049.html
European stock markets hit four-month lows
"Fears that Greece is on the verge of default have hit Europe’s stock markets in early trading, driving them down to their lowest levels since February."
http://www.theguardian.com/business/live/2015/jun/16/greek-crisis-negotiations-deadlocked-as-time-runs-short-live-updates
"Fears that Greece is on the verge of default have hit Europe’s stock markets in early trading, driving them down to their lowest levels since February."
http://www.theguardian.com/business/live/2015/jun/16/greek-crisis-negotiations-deadlocked-as-time-runs-short-live-updates
When you look at the problem as a purely Greek monetary problem, you have already failed in your analysis and conclusion.
Lets say that Greece does default. It is a relatively small amount of money and the loses are spread out over the whole world thanks to the IMF.
Its not the money, its the confidence in the union that will take the bigger hit.
Lets say that Greece does default. It is a relatively small amount of money and the loses are spread out over the whole world thanks to the IMF.
Its not the money, its the confidence in the union that will take the bigger hit.
yup
There is still confidence in the Union ??!!
Ooops ...
I remember reading a paper in the late mid 90's procalaimng that the Euro would inevitably collapse into chaos. Seems very prescient now.
Greece is the country with the biggest risk of defaulting but there are plenty of other countries also at default risk. If Greece defaults then how long until other countries start to default in a cascade? It might result in a scenario similar to a bitcoin dump where the first dumper triggers a cascade of dumps and crashes the market.
PRECIOUS-Gold retains gains near $1,185 on safe-haven bids over Greece
http://uk.reuters.com/article/2015/06/16/markets-precious-idUKL3N0Z15SC20150616
http://uk.reuters.com/article/2015/06/16/markets-precious-idUKL3N0Z15SC20150616
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