Quote:
Originally Posted by ganbaru
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Greek banks may be nearing complete collapse:
"There are indicators that the run on Greek banks is already over, leaving many
institutions near complete collapse. Depositors have pulled out a record amount
of money in the last 10 days and there are reports that the ECB is no longer
willing to lend to either them or the Greek central bank, which is also in a
precarious situation.
Since May 6, depositors fearful over a Greek exit from the Euro have taken more
than $6.42 billion out of the nation's banks, with $898 million coming on Monday
alone. May 6 was the day of the last round of Greek elections where anti-bailout
parties received most of the votes cast. Monday was the deadline for Greece's
political parties to form a government. Their failure to do that means a new round
of elections will be held on June 17."
See:
http://www.cbsnews.com/8301-505123_1...lete-collapse/