Greek Capital Controls Begin: Banks, Stock Market To Remain Closed From Monday
From zerohedge.com
Despite the reassurances from any and all elected (and unelected) officials, given the run on bank ATMs in Greece has turned into a stampede, it is not surprising that: *GREEK BANKS TO REMAIN CLOSED FROM MONDAY: PIRAEUS BANK CEO *PIRAEUS BANK CEO THOMOPOULOS SPEAKS TO REPORTERS IN ATHENS Reuters is also reporting that the Greek stock market will not open on Monday (leaving us wondering just what that will do to the Greek ETFs liquidity in US markets) as hedgers scramble to protect un-closable losses wherever they can. Greek speculators just got CYNK'd - You can't "sell" what isn't open... Greek financial source ...
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