Update on Greece Default

Banks and the stock exchange will remain closed after Greek citizens queued all weekend to withdraw savings.

Banks in Greece and the country’s stock exchange will be shut all week in a sign of the deepening financial crisis.

The drastic move comes after people rushed to withdraw their cash amid panic ahead of the referendum on bailout terms.

Under the controls, there will be a daily €60 limit on withdrawals from cash machines, which will reopen on Tuesday.

http://news.sky.com/story/1509799/greek-banks-and-stock-exchange-in-shutdown

Now Puerto Rico is under the strain of enormous debt. When will the US be there……

Puerto Rico’s Governor Says Island’s Debts Are ‘Not Payable’

Puerto Rico’s governor, saying he needs to pull the island out of a “death spiral,” has concluded that the commonwealth cannot pay its roughly $72 billion in debts, an admission that will probably have wide-reaching financial repercussions.

Let us always remember:

For God hath not appointed us to wrath, but to obtain salvation by our Lord Jesus Christ, 1Th 5:9

One thought on “Update on Greece Default

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s