
Lars Riiser, a banker had stuck it to the window of his office on the upper floors of one of Frankrfurt’s skyscrapers, with a view of Germany’s financial capital behind. Another man, Steffen Beier, brandished it out of the window of his car. Some readers took the selfie holding up iPads showing the headline instead of a newspaper. The stunt comes ahead of a vote on the new deal in the German parliament on Friday, and is a sign of the deep resentment in many sections of German society against what is seen as being forced to bail out Greece for the profligacy of its own governments and banks yet again. Many in Angela Merkel’s own Christian Democrat party are unhappy with the deal, and 22 MPs indicated on Thursday that they intend to defy the party whip and vote against it. There is no chance of the deal being defeated, because Mrs Merkel’s coalition has a huge majority of several hundred, but so many defection from her own party would be a symbolic blow... Moments ago the Bank of Greece presented its latest, January, deposit data. And it's a doozy: following a record €12.2 billion monthly outflow, greater in absolute and relative terms than anything experienced during any of the previous Greek crises and bailouts, the total amount of Greek corporate and household deposits has now tumbled to just €148 billion. This number is in line with some of the more pessimistic expectations, and brings the total cash holdings at Greek banks to the lowest level since August 2005.Currently suffering the biggest bank run in history .
No comments:
Post a Comment