Heartbreaking” Scene Unfolds At Greek Banks As Pensioners Clamor For Cash
“Heartbreaking” Scene Unfolds At Greek Banks As Pensioners Clamor For Cash Commentators say a "oxi" vote would likely lead to a euro exit by Zero Hedge | July 1, 2015 1,000 Greek bank branches chanced a stampede in order to open their doors to the country’s retirees on Wednesday. The scene was somewhat chaotic as pensioners formed long lines and the country’s elderly attempted to squeeze through the doors in order to access pension payments. As Bloomberg reports, payouts were rationed and disbursals were limited according to last name. Here’s more : It’s a day of fresh indignities for the people of Greece. About a third of the nation’s depleted banks cracked open their doors after being closed for three days. But all they did was ration pension payments, hours after the country became the first advanced economy to miss a payment to the International Monetary Fund and its bailout program expired. On the third day of capital controls, a few dozen pensioners lined up by...