Quote from: mcgravier on July 04, 2015, 07:36:04 PM

Bumping with love and Greece:

2013

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P.S. The worst thing is, that even a month ago I was suspecting that things can go wrong. In February, I several times called my banker and lawyer and asked them if money on the account is safe, mentioning that article in Financial Times. But they convinced me that there is no reason to worry, and even if country goes default, in no way current accounts may be affected. "This is European Union and banks here can't just grab your money and go" I was told.

2015
Zero Hedge:
http://www.zerohedge.com/news/2015-07-03/greek-banks-considering-30-haircut-deposits-over-%E2%82%AC8000-ft-reports

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According to FT, Greek banks are considering a depositor bail-in that could see deposits above 8,000 haircut by "at least" 30%.

Now, just recent tweet from Yanis Varoufakis (Greek Finance Minister)
https://twitter.com/yanisvaroufakis/status/617084556089409536

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FT report of a Gk Bank Bail In is a malicious rumour that the Head of the Greek Banks Association denied this morning

Sounds familar?

They will lie until the expropriation is in full effect. And even after that, they will continue to dispute the fact and promise something in the future to ease depositors and to maintain public order. I would not be surprised at all if it happens on Monday. The ECB has frozen emergency aid, so Greek banks will have to do something.

But this time the psychological effect will be greater and might lead to bank runs across Europe...