Post Profile






Greece will be crippled by empty banks, no money for workers and no deal

Major financial and economic chaos will hit Greece over the next few days, pushing the troubled country out of the Euro - a Grexit. Banks will run out of cash shortly, banks will therefore become insolvent, and workers will be given IOUs from the government because it won't be able to pay them their wages. Barclays' analysts unleashed the devastating prediction in a note this morning, entitled " Euro Summit: One more step towards Grexit," and highlighted again how the "Greek position has been weakened after the referendum.
read more

share

Related Posts


GUNDLACH: A 'Grexit' would be the beginning of the end of the euro

Business & Finance : Business Insider: Money Game

Greece's ongoing and deteriorating banking crisis has made an exit from the eurozone, or a "Grexit," an increasingly attractive option for the financially beleaguered country. During a webcast for investors on Tuesday, DoubleLine Fu...

ECB ‘Blackmails’ Greece – Bail-Ins, Bank Runs and “Grexit” Likely

Business & Finance : Zero Hedge

ECB ‘Blackmails’ Greece - Bail-Ins, Bank Runs and "Grexit" Likely ECB ‘blackmails’ Greece - "Grexit", bank runs, capital controls and bail-ins likely Shock announcement yesterday led to volatility in markets; turmoil in Greece Stock...

SocGen: If Greece Leaves The Euro, Get Ready For A Whoosh Out Of Spanish And Italian Banks

Business & Finance : Business Insider: Money Game

One of the effects of a Grexit: A major whooshing sound, as cash rushes out of Spanish and Italian banks, as nervous nationals fear a return to pre-euro currencies in their countries. Says SocGen: A Greek exit could lead to a 20-30%...

Italy's Prime Minister says Greece's referendum is a choice between the euro and Grexit

Business & Finance : Business Insider: Clusterstock

In less than a week, Greece will vote on whether or not to accept the bailout deal it has been offered by its international creditors. If the country votes "Yes," the deal will be accepted and the country might get its bailout cash,...

The Citi economist who invented the term 'Grexit' now thinks Greece is likely to leave the euro

Business & Finance : Business Insider: Clusterstock

Citi chief economist Willem Buiter, the the man who coined the term "Grexit," now thinks Greece leaving the eurozone is the most likely outcome, or Citi's base case, just three months after the bank said an exit was "unlikely." The ...

Comments


Copyright © 2016 Regator, LLC