BANK RUN Hits GreecePosted: May 15, 2012
“Stocks faded in the final hour of trading Tuesday to finish lower after a transcript from the Greek meeting showed deposits leaving the banking system, fueling speculation that the nation might leave the euro zone.
According to the transcript, Greek depositors recently withdrew 700 million euros from the nation’s local banks, said President Karolos Papoulias, though the exact timing of the transfer was unclear.”
Not Surprise, since the Greeks voted for socialism.
With MANY THANKS To Both CNBC And Jee Yeon Park. Read More Here:“Stocks Post Loss On Greece, S&P At 3 Month Low”
- Greece Bracing For New Election After Coalition Talks Collapse (ibtimes.com)
- Greek Coalition Talks Fail, New Elections Next (news.firedoglake.com)
- Greece’s president Karolos Papoulias calls for end to government stalemate (independent.co.uk)
- Euro zone finance ministers dismiss Greek exit “propaganda” (vancouverdesi.com)
- Euro zone finance ministers dismiss Greek exit “propaganda” – Reuters (reuters.com)
- Euro zone dismisses Greek exit ‘propaganda’ (ibnlive.in.com)
- EURO GOVT-Bund yields edge up as euro zone avoids recession (vancouverdesi.com)
- Greek president proposes government without politicians; left to vote against – Toronto Star (thestar.com)
- Greek Parties Hit Political Stalemate, Euro Exit Fears Grow (huffingtonpost.com)
- Greek exit ‘nonsense and propaganda’: EU finance ministers (todayonline.com)