Friday, June 12, 2015

Macedonia Central Bank Blocks Greek Bank Withdrawals "In Case Of Grexit"

The bank runs (and capital controls) begin. Macedonia Central Bank Governor Bogov states:
  • *GREEK BANKS IN MACEDONIA CAN’T WITHDRAW CASH: BOGOV
  • *MACEDONIAN BANKS PROTECTED IN CASE OF GREXIT: BOGOV
How long before the rest of Europe follows suit and a bank holiday is declared Monday to "Cyprus" depositors?
He further added:
  • *MACEDONIAN CENTRAL BANK SEES MAJOR RISKS FROM POLITICAL CRISIS
Just to be clear, this withdrawal halt is protection against a worst case scenario... BUT, by imposing capital controls you are ASSURING a worst case scenario occurs!!

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