Greek Municipal Union Refuses To Hand Over “Confiscated” Cash To Central Bank

Monday, April 27, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
04/27/2015

Earlier today, while the European markets were caught in the latest myopic buying frenzy resulting from the hope that an imminent termination of Yanis Varoufakis may mean a Greek debt deal is imminent, the Central Union of Municipalities and Communities of Greece (“KEDE”) held a meeting in which it said that while it “declares it support for the national negotiating effort”, it would not transfer any funds to the Bank of Greece.

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