Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Mort Amsel (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Greece Defaults! Run On Banks In Greece Surges To $3 Billion In 1 Week

% of readers think this story is Fact. Add your two cents.


 
via Zerohedge by Tyler Durden & Intelligent News
 
According to banking sources, the net outflows sharply increased on Friday and the available liquidity of the domestic banking system reduced at very low and dangerous levels.
 
The same sources estimate the outflows on Friday around 700 million Euros from 272 million Euros on Thursday. The available emergency liquidity assistance (ELA) for the Greek banks is estimated around 800 million Euros. In addition, the outstanding amount of the total deposits of the private sector (households and corporations) has declined under 130 billion Euros or lower than the levels at early 2004.
 
The total net outflows in the last 7 business days are estimated 3.4 billion Euros threatening the stability of the Greek banks.
 
On top of that, Greece just missed its first IMF loan payment.  They are now in default.  Like everything these days, the whole stinky system if being held up with cash and weapons and while thats enough to stem things off for awhile, the crash is inevitable.  Change is coming and it’s going to be brutal.  



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Total 6 comments
    • Mark Brander

      It is coming to America shortly…. read the Lord’s warnings http://revelation12.ca

    • Anonymous

      The “Lord” warned us, but a man is going to collect. In you neighborhood.

    • Busta Myth

      Wasn’t it Goldman Sachs that rigged Greece’s books to allow Greece to qualify to join the EU?

      So can’t they just re-rig Greece’s books and write off all that money that the Banksters printed out their B*tts and lent to Greece?

      Greece would be become lvent once again and the Bankster would have still made a fooking fortune on all that interest that they charged on the money they printed out their B*tts

      Problem sorted, what’s the big deal :wink:

      • John Constantinides

        We expect a massive earthquake retaliation or a thermonuclear bombing attack wiping the country off the map. Both G7 and Bilderbergers will officially declare WAR on Greece as a response to Tsipras’ decision to break the shackles imposed by the West and join the Eurasian sphere of influence after refusing to pay the ransom to ISIS/Gladio funders (the mavens of Wall Street and City).

    • The Watcher

      Still stacking Silver!

    • Ideas Time

      TOM HENEGHAN warned everyone of this two month ago. The system is being propped up by central bankers who create money out of thin air. Maybe the Greeks like Iceland are finally getting it. The people do and that is why they voted this guy in. It will be interesting to see if he stand true to the people?

      Watch the bond markets on Monday. Why would anyone keep paying interest on fake money created out of thin air? If they get another loan to cover the bogus interest payment, what will they do next month? Time to cut your losses Greece.

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.