Sunday, June 28, 2015

"Nothing is Confirmed Until Officially Denied"- Bismark

Reuters reported on Saturday:
A senior Greek politician on Saturday issued an assurance that banks would remain open and asked people to remain calm, hours after Prime Minister Alexis Tsipras announced a surprise referendum on bailout terms offered by foreign creditors...

"Citizens should not be scared, there is no blackmail," Panos Kammenos, head of the government's coalition ally, told local television. "The banks won't shut, the ATMs will (have cash). All this is exaggeration," he said.

Headlines less than 24 hours later:

Greeks Line Up at Banks and Drain ATMs- Bloomberg

Greek ATMs Run Dry- Forbes

Greek banks will not open Monday | Fox News

Politicians should never be trusted, but especially not during a crisis.

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