SUZI Q'S ESTATE FINDS

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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