Are you ready? This is coming our way soon. I've said it before, YOU NEED TO HAVE CASH ON HAND. Don't rely on your credit/debit cards to work in times of crisis! What would you do if the government wouldn't allow you to withdraw your money from the bank?
How Shock Waves Will Hit US If Greece Drops Euro
The unthinkable suddenly looks possible.Bankers, governments and investors are starting to prepare for Greece to stop using the euro as its currency, a move that could spread turmoil throughout the global financial system.
If Europe didn't have enough problems, Greece now has a full-fledged bank run on its hands.Household deposits at Greek banks have dropped in five of the past six months, falling by a total of 12 billion euros ($17.6 billion), according to Bank of Greece data. Two-year deposits tumbled 8% from a year ago in April and savings deposits plunged at a 16% year-over-year clip in March, notes Graham Turner of GFC Economics in London. http://finance.fortune.cnn.com/2011/06/08/greek-banks-under-siege/
Europe Planning Bank Withdrawal Restrictions To Deal With Greece Exit
European officials have announced plans to implement bank capital controls as part of a contingency plan to deal with the worst case scenario of Greece leaving the Eurozone which include imposing border checks and limiting ATM withdrawals. http://blog.alexanderhiggins.com/2012/06/11/europe-planning-bank-withdrawal-restrictions-to-deal-with-greece-exit-144051/
Europe Planning Bank Withdrawal Restrictions To Deal With Greece Exit
European officials have announced plans to implement bank capital controls as part of a contingency plan to deal with the worst case scenario of Greece leaving the Eurozone which include imposing border checks and limiting ATM withdrawals. http://blog.alexanderhiggins.com/2012/06/11/europe-planning-bank-withdrawal-restrictions-to-deal-with-greece-exit-144051/
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