Tag Archives: List of banks in Greece

Mish/ Mike Shedlock – Greece Withdrawals Up Again Due To “Uncertainty”; Situation Not Under Control; US VS. Greece – 13 June 2012

Here is an interesting headline from the Greek website Ekathimerini: Withdrawals up again due to uncertainty.

The political polarization and uncertainty regarding Greece’s position in the eurozone generated a fresh spike in bank withdrawals last week.

In the last few days, withdrawals have increased again as bank clients convert their money into foreign bonds (mostly German) or opt for various alternative investments based on the US dollar in mutual funds. Continue reading

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John Ward – European Banknotes : The Suddenly Missing Y Chromosome In Greece – 18 May 2012

ImageThe strange case of Y = 0

Some of you may recall a post of mine on the subject of how one tells the origin of euronotes by country, and how the Bank of Greece has gone into the business of printing its own unauthorised version.

At the time, I pondered at length during several posts as to why Mario in Frankfurt didn’t seem to be worried about it. Did he know anyway? some Sloggers asked: to which the answer is ‘Yes’, because each country issuing Toytown notes uses a prefix in the note number to denote the origin. Without that, the note isn’t legal tender. Continue reading