Macedonia Central Bank Blocks Greek Bank Withdrawals "In Case Of Grexit"

The bank runs (and capital controls) begin. Macedonia Central Bank Governor Bogov states:

  • *GREEK BANKS IN MACEDONIA CAN’T WITHDRAW CASH: BOGOV
  • *MACEDONIAN BANKS PROTECTED IN CASE OF GREXIT: BOGOV

How long before the rest of Europe follows suit and a bank holiday is declared Monday to "Cyprus" depositors?

He further added:

  • *MACEDONIAN CENTRAL BANK SEES MAJOR RISKS FROM POLITICAL CRISIS

Just to be clear, this withdrawal halt is protection against a worst case scenario... BUT, by imposing capital controls you are ASSURING a worst case scenario occurs!!