Wake up and smell the collapse: Greece shutters banks for 6 days… no more withdrawals… panic grips the Eurozone… total meltdown approaches
by Mike Adams
NaturalNews.com
Monday, June 29, 2015
The bank holidays have begun in Greece as the banks are now shuttered for the entire coming week. As Sky News reports, “The drastic move comes after people rushed to withdraw their cash amid panic ahead of the referendum on bailout terms.”
Greek citizens are now “hoarding gasoline and groceries,” reports the New York Times, and long lines are the new norm at ATMs and gas stations.
On the brink of a meltdown
“Greek banks were on the brink of meltdown last night after the shock announcement that its crisis-hit government would hold a referendum on the terms of a fresh international bailout,” reports the Daily Mail. “With fears growing that the country’s banks could grind to a halt this week, the Greek authorities are expected to consider imposing capital controls as early as tomorrow morning.”
The Greek system of unlimited debt spending and endless retirement benefits for government workers has just hit a brick wall. The money has run out, and there are no more lenders willing to flush any more assets in order to fund Greece’s wildly unbalanced budgets. Debt payments are due on an ever-increasing schedule, and Greece simply doesn’t have the money to pay.
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