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This is really bad for the people of Greece. I have seen small bank runs with my own eyes where folks queued for hours to get their savings rescued. ($bigCorp g
by spacefight 11y ago
This is really bad for the people of Greece. I have seen small bank runs with my own eyes where folks queued for hours to get their savings rescued. ($bigCorp going down with internal bank). Bad sad bad.
- matt4077 11y agoIt worked out quite well in Cyprus in 2012. So just by itself, capital controls aren't the end of the work.
- spacefight 11y agoGreece is much larger than Cyprus, their debt is much bigger in absolute values and the outcome of the current status so unknown that it's very difficult to compare the current capital controls against those implemented in Cyprus.