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Friday, 15 June 2012

French letters for the EUro?................from Rico

This just in, hot on the heels of the OANDA Forex 'freeze' for this coming Sunday's Greek elections redux.

We ALL know about the bank runs currently in progress in Greece and Spain, and also about the 'bank holiday' announced in Italy Monday.

Bet you haven't heard THIS reported yet!
- This smacks of ...for progressives ["all your money are belong to us!"] ... and for the rest of us non-Keynesians [capital controls].

Bank branches in France are now limiting withdrawals almost nation-wide, requiring 5-days notice to withdraw 2,000 EUro. [pic 1]
- For context: The norm was 48 hours notice to withdraw 1,500 EUro before this.

Some banks have imposed a 500 EUro limit. [pic 2]

Looks like the Froggies have their 'wind' up, and their knickers in a twist!


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