Greek banks plummeted in Athens trading Thursday after the European Central Bank restricted direct access to its funding lines, forcing the nation’s lenders to rely on emergency funds.
The FTSE/Athex Banks Index fell 23 percent as of 10:41 a.m in Athens, led by declines in National Bank of Greece SA, which fell as much as 26 percent, and Piraeus Bank SA, which dropped 27 percent.
http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_05/02/2015_546913
You better be prepared for tumultuous times. Greek people are running to their banks and demanding deposit withdrawals. There are pictures like this here:
The FTSE/Athex Banks Index fell 23 percent as of 10:41 a.m in Athens, led by declines in National Bank of Greece SA, which fell as much as 26 percent, and Piraeus Bank SA, which dropped 27 percent.
http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_05/02/2015_546913
You better be prepared for tumultuous times. Greek people are running to their banks and demanding deposit withdrawals. There are pictures like this here:
