Greece officials have announces that banks will remain closed for at least six more days and ATM transactions will be limited. This weekend saw a run on the Greek banks as the country nears default on it’s Eurozone loan. If you want a peak into the future of what this country is going to look like with over $18 trillion in debt, then Greece is a perfect example.
| Greece closes banks for six days as default nears |
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BREAKING: Greece officially announces bank closures for 6 days, limits on ATM transactions
— The Associated Press (@AP) June 29, 2015
MORE: Greece imposes capital controls, banks to remain shut 6 days in dramatic turn to Greek crisis http://t.co/MlaBaIGgy9
— The Associated Press (@AP) June 29, 2015
What’s happening in Greece is also a look at the near future for the rest of Europe. Italy, Spain, Portugal for example will end up just like Greece with their socialist style governments. When the money runs out, this is what happens. In America, this came be kicked down the can for a few more years because all the Federal Reserve has to do is print more money and devalue our currency.