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Post by Sir John on Apr 1, 2013 22:16:55 GMT -5
we shall see, in the not too distant future.
SJ
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Post by Swampy on Apr 1, 2013 22:43:28 GMT -5
Can't have a bank run if there are capital controls.
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Post by Sir John on Apr 1, 2013 23:12:55 GMT -5
Swampy,
If they keep those capital controls on forever it will mean a Euro 300 a day hemorrhage of deposits.
The flow will all be out and little going in, and eventually there will be nothing left with loans far outnumbering deposits.
The bank is BUST!
SJ
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Post by Swampy on Apr 1, 2013 23:38:33 GMT -5
There'll be some adjustments, I'm sure so much so that new deposits will be subject to different rules, while deposits that are new than the new ones will have further special treatment.
One way or other, the Euro is dead.
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Post by mcnoch on Apr 2, 2013 7:06:44 GMT -5
As the bank customers behave in a very professional manner, the restrictions will be eased soon. Up to 25 000 € per bank-transaction will then be possible without special allowance.
The main problem at the moment is that large parts of the assets of companies are still more or less blocked and can't be used to pay the salaries of the employees. THey are working on that.
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