While Greece is experiencing the nightmare of closed banks and capital controls, under threat of default, analysts are explaining that the next step is deposit haircut.
President of Greece Prokopis Pavlopoulos, former Prime Ministers Costas Karamanlis and Costas Simitis and five MPs of Independent Greeks are urging the Greeks to support the positive vote.
Bankers are warning of two possible developments, namely deposit cuts if the country stays in the euro zone or reduced nominal value of deposits in the event that it returns to the drachma.
He points out that his government continues to be at the negotiating table and that the negative vote in the referendum will not mean rupturing with Europe and exiting the euro zone.
Venus’ retrograde phase is starting. All kinds of relationships will enter a period of reassessment and reconsideration. In socio-political terms, diplomacy and international relations will be affected too, coming to a standstill.
A narrow circle of ministers is aware that bank failure is the main weapon of creditors through which they will exert strong pressure on the government, because if it really happened, Greece would turn into ruins in just a few days.
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