skc
Goldmember
- Joined
- 12 August 2008
- Posts
- 8,277
- Reactions
- 329
ECB cutting off some Greek banks.
ELA & Greek Central Bank now source for them. GL with that.
Read the headline this morning and I am surprised there aren't bigger reaction to that.
Surely any reasonable Greek would go line up at the bank and get physical Euros out of the banks and put it under the mattress.
This is not like the Argentinan default where the old peso becomes stranded overnight... you just can't do that with the Greek Euros - not the physical ones anyway.
Without the ECB can they last until the re-election?
And what about the Italians / Spaniards? Wouldn't you at least start doing the same thing?