Greeks Withdraw Nearly $1 Billion From Local Banks As Attempts To Form A Coalition Government Fail – Athens Composite Index At New 22-Year Low

Related info:

More Than Half Of All Police Officers In Greece Voted For Pro-Nazi Party Golden Dawn

‘Euro Officials Begin To Weigh Greek Exit As Euro Weakens’ (Bloomberg) – Brace Yourself People Of Greece Or Get Totally Screwed By The Elitists

Stocks Post Loss on Greece, S&P at 3-Month Low (CNBC, May 15, 2012):

Earlier, Greek politicians failed to form a coalition government during their final talks, pushing the Athens Composite Index to a new 22-year low. A caretaker government is likely to be formed pending a new election next month. The euro fell below $1.28 following the announcement and European closed at new 2012 lows.

Greeks Withdraw Nearly $1 Billion From Local Banks (CNBC, May 15, 2012):

Greek depositors withdrew 700 million euros ($900 million) from the nation’s local banks recently, said President Karolos Papoulias, though the exact timing of the transfer was unclear.

Citing a conversation he had with Greek Central Bank Governor George Provopoulos, Papoulias said “that the strength of banks is very weak right now.”

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‘Euro Officials Begin To Weigh Greek Exit As Euro Weakens’ (Bloomberg) – Brace Yourself People Of Greece Or Get Totally Screwed By The Elitists

Got PHYSICAL gold and silver?

Here is why:


Greek Euro Exit: 60% Currency Devaluation, Default, Banking Sector Collapse

Here is what happened to Mexico:

Hedge Fund Manager Kyle Bass Explains The New World Order (Panel Presentation):

On Greece:

For those who think a 50% write-down on debt will fix Greece, you have lost your mind. It is only a full wipe-out of the non-TROIKA-owned debt that is the only mathematical way for Greece to have any chance.

Don’t believe these governments when they tell you everything is going to fine. The day before Mexico devalued by 60% they denied that they would ever devalue. They can and will never tell you the truth. Find your own numbers.

Here is what happened to Belarus:

Belarus Devalues Its Currency By 56% Overnight, Against Every Currency Out There:

Luckily for those who held their “money” in the form of gold and silver, they just got an instantaneous 56% value preservation and a relative boost in their purchasing power with just one central bank announcement.

Euro Officials Begin to Weigh Greek Exit as Euro Weakens (Blomberg, May 14, 2012):

Greece’s possible exit from the euro moved to the center of Europe’s financial-crisis debate, rattling markets as authorities in Athens struggled to form a government.

Meetings brokered by Greek President Karolos Papoulias were set to continue today after Syriza, the leading anti-bailout party, rejected a unity government following inconclusive elections May 6. That moved the country closer to a new vote, with at least five European central bankers broaching the once- taboo topic of its exit from the euro.

“We’re really getting to a denouement,” Michael O’Sullivan, head of portfolio strategy at Credit Suisse Private Banking, said today in a Bloomberg Television interview. “We’re getting to the part where a decision has to be made” on whether Greece leaves the 17-nation currency union, he said.

Euro finance ministers meeting today in Brussels may discuss the bailout for Greece, as well as the situation in Spain, where the government last week made a fourth attempt to clean up banks. Getting German Chancellor Angela Merkel to weaken her demand that debt cutting be the core of the crisis response will be a key objective of new French President Francois Hollande when the two meet tomorrow in Berlin.

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The Greek Military Is Ready To Take Over Greece

Greek military ready to intervene and take over Greek Parliament (Examiner, Feb. 23, 2012):

The Greek military is ready to take over Greece and dethrone Papademos’ led transitional government according to two sources who spoke on condition of anonymity but are high ranking members of the Greek armed forces.

The onset of the military intervention plan found its roots when Mr. Papoulias, Greek President, held a state dinner surrounded by his military leaders and asking for their support to take Greece back and protect its sovereignty.

The call for support of the military was held after the Financial Times leaked the story that Germany wanted to put Greece under the auspices of a new EU commission, led by Germany.

Such a drastic action may have serious consequences for Greece one of which is that this will definitely result in the country leaving the Eurozone, but that may be the least of their immediate problem.

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Greek President (And Nazi Resistance Fighter) Lashes Out At “German Boot” For Pushing Country To The Brink

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Greek President (And Nazi Resistance Fighter) Lashes Out At “German Boot” For Pushing Country To The Brink (ZeroHedge, Feb. 15, 2012):

The following extract from a Bloomberg article suggests that the German mission of getting Greece to file for bankruptcy on its own, thus removing the perception that Europe has given up on the first (of many) terminal patient, own has almost succeeded. “Greek President Karolos Papoulias slammed Germany’s finance minister for recent comments about his country as stalled bailout talks stoked tensions between Greece and the northern European countries funding its rescue. “I don’t accept insults to my country by Mr. Schaeuble,” Papoulias, who fought in the resistance against the Nazis during World War II, said in a speech today. “I don’t accept it as a Greek. Who is Mr. Schaeuble to ridicule Greece? Who are the Dutch? Who are the Finns? We always had the pride to defend not just our own freedom, not just our own country, but the freedom of all of Europe.”

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Group Of 30 To 50 Angry Youngsters Attack House Of Greek President Karolos Papoulias, Hurl Rocks, Molotov Cocktails

See also:

Message To The People Of Greece: Prepare For Collapse, Chaos And Currency Devaluation! – IMF Official Admits Austerity Is Harming Greece!

– National Confederation of Greek Commerce (ESEE): Greece Warns It Will Soon Be In ‘Condition Of ABSOLUTE POVERTY’

“When people lose everything they lose lt.”
– Gerald Celente

Angry Youths Attack House Of Greek President Papoulias; Hurl Rocks, Molotov Cocktails (ZeroHedge, Feb. 3, 2012):

Instead of defaulting a long time ago (when we first suggested it should) when it could have pulled an Iceland, taken a bitter pill, hyperinflated the drachma and in the process delevered overnight, if at a big social cost of losing its welfare safety net (which it is about to lose anyway courtesy of the PSI and OSI), and not be held captive to bigger geopolitical interests, and hostage to the banker superclass, Greece very likely could have been on the road to recovery now, granted with a totally different political regime. Instead, the political regime is the same, Greece is more in debt than ever before, the economy is in shambles, the banks have seen two straight years of bank runs, and most importantly the people now are poorer and more disenchanted than ever, and as the following story indicates, about to get far angrier than any Syntagma square riot cam (which is about to come back with a PayPerView vengeance) has shown to date. According to Kathimerini, late on Saturday evening, “A group of between 30 and 50 youngsters attacked the house of President Karolos Papoulias.”

“The result of the attack was some minor damage to the entrance of the house at Asklipiou Street in central Athens and to the car that Papoulias uses. The hooded youngsters, who arrived by motorbike and on foot just after 8 p.m, hurled a Molotov cocktail, rocks and paint at the house but stopped short of attacking the two guards at the President’s house.

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