Greek banks closed and Tsipras takes the dispute with ECB and IMF to the brink

Monday, June 29th 2015 - 06:20 UTC

Full article 10 comments

Greek banks are to remain closed and capital controls will be imposed, Prime Minister Alexis Tsipras announced. Speaking after the European Central Bank (ECB) said it was not increasing emergency funding to Greek banks, Tsipras underlined Greek deposits were safe. Read full article

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ilsen
Time to drop the Greeks?

I think so.
Jun 29th, 2015 - 11:53 am - Link - Report abuse 0
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Idlehands
While I have some sympathy for the Greeks their government have behaved like an idiotic rabble making failure almost certain.

Calling a referendum 5 days after the deadline expires is bad faith on the part of the Greek governemnt. It was just a way to push for an extension past the deadline to kick the deal down the road for another month. It was nothing to do with democratic mandates.
Jun 29th, 2015 - 01:11 pm - Link - Report abuse 0
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Voice
Why is it so important for Greece to be in the Eurozone...it's not like they can afford imports, it's not like the UK is that keen on olives....
What was wrong with the good old days, when you could travel to Greece and everything cost buttons, I was in Athens and Nafplion not long ago and prices were more than the UK...and all they do is whinge and ply the tourists with sob stories virtually begging for money...and the tour guide still going on about the Elgin Marbles and the British....the tour guide shut up when I interrupted the well worn speech with...“The Turks sold the Marbles to Elgin...blame them...”
Let them go....
Jun 29th, 2015 - 01:21 pm - Link - Report abuse 0
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ElaineB
@3 Haha. I was in Russia last week in the company of a Soviet Union devotee; now that was a whinger. Told some good Putin jokes though.

Tsipras is another twit who can't afford a tie. He couldn't believe he was elected and has not a clue how to negotiate and now wants to have a referendum to determine if any Greeks still like him.

The truth is Greece is probably better off out of the Euro. It will be hard for the people at first but they could survive and have a better future.
Jun 29th, 2015 - 02:34 pm - Link - Report abuse 0
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Chicureo
It will be interesting to see the referendum results.
Jun 29th, 2015 - 03:53 pm - Link - Report abuse 0
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yankeeboy
When Greece goes the EU will be a brief footnote in forgotten history...
one by one they'll fall away until there's nothing left.

BTW I told you this would happen...
Jun 29th, 2015 - 05:22 pm - Link - Report abuse 0
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Conqueror
There's another way to look at this. The cradle of democracy is refusing to kowtow to a dictatorship. No-one can deny that Greece has been a bit silly. But, in reality, the European Commission was so intent on another member that it ignored the fact that Greece didn't really satisfy the conditions for accession to the EU.

I say that the European Commission has a responsibility. Perhaps, with their excessive pay-offs, the Commissionaires should be sending their salaries and expenses to Greece.

According to various statements, such as on the illegal migration issue, the EU is supposed to be about “solidarity”. Shouldn't the “solid” EU be helping Greece? It's very good at taking money from member states and, without so much as a by-your-leave, parcelling it out around the world to appear philanthropic. Helping its own doesn't seem to have a place.
Jun 29th, 2015 - 05:54 pm - Link - Report abuse 0
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Briton
Apparently if Greece falls to pay tomorrow [Tuesday] they will NOT be in default,

The IMF said that technically its like you owing money to the bank, and you miss a payment that puts you in arrears, not default,

So the lady stated, they would receive a letter from the United States to Greece telling them that they are in arrears and inform them of the consequences if they do not pay,

Then the bank would meet in a few months to decide if in fact, Greece is actually in default,
So I heard on the news,

I don’t think the EU will let them go, but hold them hostage,

Until Greece actually removes its self from the Euro zone, nothing but promises will happen.

Just saying like, and probably misunderstood it..

.
Jun 29th, 2015 - 07:35 pm - Link - Report abuse 0
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toooldtodieyoung
6 yankeeboy

“one by one they'll fall away until there's nothing left.”

I hope you ARE right. Mind you, you've been uncannily accurate thus far.......

I hope that Greece does leave / gets forced out.

I hope that the EU / EC / EUSSR does collapse.

It would save Camer-moron from having to waste his time rigging the in/out referendum ( you know even now that it will be a victory for the YES campaign no matter what ) he has been planning ( if it takes place at all....... )
Jun 29th, 2015 - 07:47 pm - Link - Report abuse 0
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yankeeboy
What's called the EU now will end up as a trading block with the EURO being a trade reference currency and nothing more.
Like it should have been from the very beginning.
Jun 30th, 2015 - 11:37 am - Link - Report abuse 0
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