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Watch Greece

August 08, 2018, 02:38:10 am suzytr says: Hello, any good churches in the Sacto, CA area, also looking in Reno NV, thanks in advance and God Bless you Smiley
January 29, 2018, 01:21:57 am Christian40 says: It will be interesting to see what happens this year Israel being 70 years as a modern nation may 14 2018
October 17, 2017, 01:25:20 am Christian40 says: It is good to type Mark is here again!  Smiley
October 16, 2017, 03:28:18 am Christian40 says: anyone else thinking that time is accelerating now? it seems im doing days in shorter time now is time being affected in some way?
September 24, 2017, 10:45:16 pm Psalm 51:17 says: The specific rule pertaining to the national anthem is found on pages A62-63 of the league rulebook. It states: “The National Anthem must be played prior to every NFL game, and all players must be on the sideline for the National Anthem. “During the National Anthem, players on the field and bench area should stand at attention, face the flag, hold helmets in their left hand, and refrain from talking. The home team should ensure that the American flag is in good condition. It should be pointed out to players and coaches that we continue to be judged by the public in this area of respect for the flag and our country. Failure to be on the field by the start of the National Anthem may result in discipline, such as fines, suspensions, and/or the forfeiture of draft choice(s) for violations of the above, including first offenses.”
September 20, 2017, 04:32:32 am Christian40 says: "The most popular Hepatitis B vaccine is nothing short of a witch’s brew including aluminum, formaldehyde, yeast, amino acids, and soy. Aluminum is a known neurotoxin that destroys cellular metabolism and function. Hundreds of studies link to the ravaging effects of aluminum. The other proteins and formaldehyde serve to activate the immune system and open up the blood-brain barrier. This is NOT a good thing."
September 19, 2017, 03:59:21 am Christian40 says: bbc international did a video about there street preaching they are good witnesses
September 14, 2017, 08:06:04 am Psalm 51:17 says: bro Mark Hunter on YT has some good, edifying stuff too.
September 14, 2017, 04:31:26 am Christian40 says: i have thought that i'm reaping from past sins then my life has been impacted in ways from having non believers in my ancestry.
September 11, 2017, 06:59:33 am Psalm 51:17 says: The law of reaping and sowing. It's amazing how God's mercy and longsuffering has hovered over America so long. (ie, the infrastructure is very bad here b/c for many years, they were grossly underspent on. 1st Tim 6:10, the god of materialism has its roots firmly in the West) And remember once upon a time ago when shacking up b/w straight couples drew shock awe?

Exodus 20:5  Thou shalt not bow down thyself to them, nor serve them: for I the LORD thy God am a jealous God, visiting the iniquity of the fathers upon the children unto the third and fourth generation of them that hate me;
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Author Topic: Watch Greece  (Read 17230 times)
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« Reply #270 on: May 16, 2012, 06:20:41 pm »




In the last few weeks, market analysts have ratcheted up fears about a run on Greek banks. Now, some experts say those fears are beginning to materialize.
Photographs of Greek citizens pulling cash from ATMs were captured today and yesterday by Reuters and Russian Market following an announcement by Greek Central bank head George Provopoulos that Greeks pulled 700 million euros ($891 million) from the country's banks on Monday. Does that huge sum equate to a run on the banks? It depends who you ask.

 This is the beginning of a run on banks. Zero Hedge blogger Tyler Durden fears the worst as he passes along pictures of ATM lines in Greece. "A Greek banking system which is now virtually shut out of any extrenal funding except for the ELA, where it has a few billions euros in access left, will be unable to deal with hundreds of millions in deposit outflows," he writes. "This may be the beginning of the end for Greece, just as Buiter and later JPM warned over the weekend." Similarly, Z6Mag editor Allan Soldner says the withdrawals this week show the first sings of a run, noting yesterday that the Dow, S&P and Nasdaq all ended down, along with the precious metals market. "ATM lines are often the hysteria that starts the ball rolling even worse in any bank run because people walking by start asking if they should be doing the same."
 This isn't a run on banks but it's scary. Crunching some numbers, Financial Times blogger Joseph Cotterill latches onto an FT report that says Athens bankers have voiced conern about a continued "outflow of deposits of more than 5bn since May 6." Conveying the severity of the withdrawals, he says "That would work out at an average of €700m per business day, up to May 15." Still, Cotterill is more surprised that these kinds of withdrawals haven't happened sooner. "The amazing thing about the Greek banking system since 2009 is not just the 25 to 30 per cent of deposits that have left, but the 70-75 per cent which have stayed."
Meanwhile, Greece's president Karolos Papoulias has taken a similar tone in that the withdrawals are frightening but not a sign of mass panic. "Of course there’s no panic but there’s great fear which can evolve into panic,” the president said. Not the most reassuring words but I guess that's how they do business in Greece.
 Things don't seem to be that bad. While quoting experts who say the risk of a bank run is "a very serious problem," Bloomberg's Natalie Weeks and Maria Petrakis downplay the idea of a mass panic in Greece. "Banks in downtown in Athens were open as normal today with no signs of unusual activity," they report. "Deposits by businesses and households held in Greek banks stood at 165.4 billion euros in March ... In 2011, deposits declined 35.4 billion euros, or 17 percent." Corroborating that view, a woman in Greece told MSNBC she had withdrawn 85 percent of "what's left" in her bank account but didn't notice lines when she did. "There are no lines to withdraw money, but maybe that's because many Greeks have precious little left in the bank," she said. "Many have been surviving on [$500] 400 euros a month, which has to cover tax, bills, food and medical costs."..
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