Sunday, 17 June 2012 17:57

As Greek Banks Run Out Of Safe Deposit Boxes, An Eerie Calm Takes Over The Country 24 Hours Before D-Day

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A day before the Greek D-Day, which was unexpectedly punctuated with a surprising last-minute Greek victory in Euro2012 over Russia, sending the country into the elimination rounds (a Greece vs Germany game would be quite interesting) which may have rekindled patriotic spirits just enough to boost Syriza's chance that little bit more, the Greek bank trot, which was a jog some days ago, has surprisingly not metastazied into a full blown sprint. And with an all too real possibility that Greece may leave the Eurozone in as little as 24 hours, this is somewhat unexpected: after all taking physical possession of electronic money is merely a free put on the return to the Drachma, and currency (and debt) devaluation. On Monday it may simply be too late. Surely, most locals have figured this out.

"You pretend to be solvent, we pretend to have money.  At the end of the day, it is all just one big global monetary circle jerk."  As long as you are not Greek, there is much to learn watching these events unfold. Plan accordingly. - Wes

 

Zerohedge article

Last modified on Sunday, 17 June 2012 18:13

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