The government of Greece feels "obliged" to confiscate "idle cash reserves" of it's local govts.
Earlier today, following weeks of speculation, Greece finally launched the first shot across the bow of capital controls, when it decreed that due to an "extremely urgent and unforeseen need" (ironically the need was quite foreseen since about 2010, but that is a different story), it would be "obliged" to transfer - as in confiscate - "idle cash reserves" located across the country's local governments (i.e., various cities and municipalities) to the Greek central bank. |
George (Papanikolaou, mayor of Glyfada) is unhappy because as recently as tomorrow, he will find there is precisely zero euros in his public bank account, as all the money has now been forcibly sequestered by the government in order to repay future Troika, pardon, IMF obligations. |
Bloomberg
Running out of other options, Greek Prime Minister Alexis Tsipras ordered local governments and central government entities to move their cash balances to the central bank for investment in short-term state debt. The decree to confiscate reserves held in commercial banks and transfer them to the Bank of Greece could raise as much as 2 billion euros ($2.15 billion), according to two people familiar with the decision. The money is needed to pay salaries and pensions at the end of the month, the people said. |
Did I mention, this could be huge!
Joe Mobley
http://snipurl.com/MagicWSO
[$5 WSO!] Sorry, you're not fooling anyone! Text-to-voice apps - They're ALL CREEPY -- and they ALL SUCK! - CLICK HERE for the solution!
The 2nd Amendment, 1789 - The Original Homeland Security.
Gun control means never having to say, "I missed you."
"It's easier to fool people than to convince them that they have been fooled. -- Mark Twain
The 2nd Amendment, 1789 - The Original Homeland Security.
Gun control means never having to say, "I missed you."
.
.
http://snipurl.com/MagicWSO
[$5 WSO!] Sorry, you're not fooling anyone! Text-to-voice apps - They're ALL CREEPY -- and they ALL SUCK! - CLICK HERE for the solution!
http://snipurl.com/MagicWSO
[$5 WSO!] Sorry, you're not fooling anyone! Text-to-voice apps - They're ALL CREEPY -- and they ALL SUCK! - CLICK HERE for the solution!
Sal
When the Roads and Paths end, learn to guide yourself through the wilderness
Beyond the Path
http://snipurl.com/MagicWSO
[$5 WSO!] Sorry, you're not fooling anyone! Text-to-voice apps - They're ALL CREEPY -- and they ALL SUCK! - CLICK HERE for the solution!
The 2nd Amendment, 1789 - The Original Homeland Security.
Gun control means never having to say, "I missed you."
http://snipurl.com/MagicWSO
[$5 WSO!] Sorry, you're not fooling anyone! Text-to-voice apps - They're ALL CREEPY -- and they ALL SUCK! - CLICK HERE for the solution!
The 2nd Amendment, 1789 - The Original Homeland Security.
Gun control means never having to say, "I missed you."
http://snipurl.com/MagicWSO
[$5 WSO!] Sorry, you're not fooling anyone! Text-to-voice apps - They're ALL CREEPY -- and they ALL SUCK! - CLICK HERE for the solution!
"It's easier to fool people than to convince them that they have been fooled. -- Mark Twain
Raising a child is akin to knowing you're getting fired in 18 years and having to train your replacement without actively sabotaging them.
"It's easier to fool people than to convince them that they have been fooled. -- Mark Twain
.
The 2nd Amendment, 1789 - The Original Homeland Security.
Gun control means never having to say, "I missed you."
Sal
When the Roads and Paths end, learn to guide yourself through the wilderness
Beyond the Path
The 2nd Amendment, 1789 - The Original Homeland Security.
Gun control means never having to say, "I missed you."
.
The 2nd Amendment, 1789 - The Original Homeland Security.
Gun control means never having to say, "I missed you."
The 2nd Amendment, 1789 - The Original Homeland Security.
Gun control means never having to say, "I missed you."
The 2nd Amendment, 1789 - The Original Homeland Security.
Gun control means never having to say, "I missed you."
http://snipurl.com/MagicWSO
[$5 WSO!] Sorry, you're not fooling anyone! Text-to-voice apps - They're ALL CREEPY -- and they ALL SUCK! - CLICK HERE for the solution!
The 2nd Amendment, 1789 - The Original Homeland Security.
Gun control means never having to say, "I missed you."
"It's easier to fool people than to convince them that they have been fooled. -- Mark Twain
The 2nd Amendment, 1789 - The Original Homeland Security.
Gun control means never having to say, "I missed you."
"It's easier to fool people than to convince them that they have been fooled. -- Mark Twain
"It's easier to fool people than to convince them that they have been fooled. -- Mark Twain
.
Just when you think you've got it all figured out, someone changes the rules.
The 2nd Amendment, 1789 - The Original Homeland Security.
Gun control means never having to say, "I missed you."
http://snipurl.com/MagicWSO
[$5 WSO!] Sorry, you're not fooling anyone! Text-to-voice apps - They're ALL CREEPY -- and they ALL SUCK! - CLICK HERE for the solution!
http://snipurl.com/MagicWSO
[$5 WSO!] Sorry, you're not fooling anyone! Text-to-voice apps - They're ALL CREEPY -- and they ALL SUCK! - CLICK HERE for the solution!
"It's easier to fool people than to convince them that they have been fooled. -- Mark Twain
http://snipurl.com/MagicWSO
[$5 WSO!] Sorry, you're not fooling anyone! Text-to-voice apps - They're ALL CREEPY -- and they ALL SUCK! - CLICK HERE for the solution!
http://snipurl.com/MagicWSO
[$5 WSO!] Sorry, you're not fooling anyone! Text-to-voice apps - They're ALL CREEPY -- and they ALL SUCK! - CLICK HERE for the solution!
http://snipurl.com/MagicWSO
[$5 WSO!] Sorry, you're not fooling anyone! Text-to-voice apps - They're ALL CREEPY -- and they ALL SUCK! - CLICK HERE for the solution!
The 2nd Amendment, 1789 - The Original Homeland Security.
Gun control means never having to say, "I missed you."
"It's easier to fool people than to convince them that they have been fooled. -- Mark Twain
http://snipurl.com/MagicWSO
[$5 WSO!] Sorry, you're not fooling anyone! Text-to-voice apps - They're ALL CREEPY -- and they ALL SUCK! - CLICK HERE for the solution!
"It's easier to fool people than to convince them that they have been fooled. -- Mark Twain
"It's easier to fool people than to convince them that they have been fooled. -- Mark Twain
http://snipurl.com/MagicWSO
[$5 WSO!] Sorry, you're not fooling anyone! Text-to-voice apps - They're ALL CREEPY -- and they ALL SUCK! - CLICK HERE for the solution!
The 2nd Amendment, 1789 - The Original Homeland Security.
Gun control means never having to say, "I missed you."
The 2nd Amendment, 1789 - The Original Homeland Security.
Gun control means never having to say, "I missed you."
http://snipurl.com/MagicWSO
[$5 WSO!] Sorry, you're not fooling anyone! Text-to-voice apps - They're ALL CREEPY -- and they ALL SUCK! - CLICK HERE for the solution!
The 2nd Amendment, 1789 - The Original Homeland Security.
Gun control means never having to say, "I missed you."