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IPFS News Link • Economy - International

EU and Greece Running Out of Time – As Bank Runs Intensify, Bail-Ins Likely

• https://www.lewrockwell.com, GoldCore

– Greece warns Merkel of 'impossible' debt

– Concerns Greece out of money by end of April

– Friday's "agreement" in Brussels falls apart hours later as protagonists fail to agree on specifics

– Greece now insolvent – will run out of liquidity by end of April-

Greek banks on verge of collapse as runs continue – €1.5 billion emptied out of banks last week alone

– 'Grexit' could propel gold to over $2,000/oz

– Cyprus style bail-ins look increasingly possible

Greece's place in the Eurozone is as precarious as ever as talks between Prime Minister Tsipras and European leaders in Brussels broke down – hours after reaching general agreement – and Greece warned Germany that it will be "impossible" for Greece to service debt payments due in the coming weeks if the EU fails to provide short-term financial assistance.


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