Let’s talk – What would you do if banks stopped you from withdrawing money? 169

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We get a bit cranky in a long or slow queue in a bank. In Greece right now they’re getting angry and anxious, as its banks have been ordered closed.

This is the state of the current financial crisis in Greece, which has come to a head with a referendum called for next Sunday. Greek Prime Minister Alexis Tsipras has named 5 July as the day, with Greeks to vote on whether or not to accept the bailout plan put together by international creditors. The deadline on the bailout plan is 30 June, and creditors have said that they will not extend the agreement beyond tomorrow. It is Tsipras’ view that the bailout plan on the table is “unbearable”.

Due on Tuesday is a 1.6 billion Euro payment to the International Monetary Fund. A default could set events in motion that could see Greece ‘thrown out’ of the Euro.



In an address to the nation, the Greek PM said, “The dignity of Greece against blackmail and injustice will send a message of hope and pride to all of Europe. He has also said that people’s money in banks is “safe”, though this is somewhat out of his control.

The Greek government has declared today a bank holiday, but the banks could remain shut right through until the referendum next week.

Not only are the banks themselves closed, but so too are the automatic teller machine outside. In the days prior to the banks being shut down people had been rushing banks and ATMs to withdraw cash. If the ATMs do re-open, recommendations are being made that a 60 Euro limit be imposed.

Are you amazed that a country can get itself in this much trouble? What would you do if Australia was in similar trouble? Would this trouble in Greece stop you from travelling there now or in the near future?

Starts at 60 Writers

The Starts at 60 writers team seek out interesting topics and write them especially for you.

  1. Australian banks did close back in the 80’s I remember a run on Metway, me being one of them, until Suncorp took them over

    1 REPLY
    • But that was only one bank. In Greece, ALL the banks have been ordered by the government to close their doors.

  2. Start putting your money under your bed. It’s safer there.

    5 REPLY
  3. Something to think about as we all tend to use our cards for everything rather than actual cash – but if the banks close – how the hell do you get on then. Perhaps we should all have a few $’s stashed in a tin under the bed or gold ingots 🙂 The $50 or $100 we carry in our purses wont last us for long

  4. The only thing that goes into my bank is my pay as long as I can get that I will be happy

  5. Hopefully we would be aware of the situation and make so plans beforehand . Start growing vegetables and share with others . Meat would have to killed at home and shared . Do as our forebears did you can manage . May not be so much obese people to buy rubbish . We do not need very much to survive a crises .

    3 REPLY
    • The photo doesn’t show starving people Janet, does it – all seem quite plump to me. But we trust our banks to look after our money. How would you pay your electricity, etc if you had no available money?

    • A lot of people would have a hard time to adjusting not be able to have drinks and smokes. Maybe we should get the bottling outfits out again to preserve and have always some food in the house.

  6. Don’t have saving but pensions go there. Could you stop that happening so still had access to income. ??

  7. My mother told me about the run on the Australian Banks prior to my birth in the 1940’s. I think from memory a politician called Jack Lang changed how banks worked? My memory may be wrong on this…..

    1 REPLY
    • Up until the early fifties, I think, if my memory serves me correct, the government printed and issued money(backed by gold and silver) so it always had enough to do public works, housing, railways, roads etc., after that the banks took over printing the currency and then charged the government interest on the so called ‘borrowings’, and our country has been in debt ever since. The government of the time who allowed the banks and banksters to take over control of money has a lot to answer for.

      1 REPLY
      • Incorrect When John Howard was voted out Australia had no National Debt, I fact as a country we had a surplus, unfortunately Kevin Rudd and Julia Gillard spent the Howard surplus.

  8. Why do we have to suffer because of Greece? Just sayn,

    1 REPLY
    • Because all the Central banks are connected and I believe that the Rothschilds family own much of it.

      1 REPLY
      • You should tell the RBA that they are connected to Rothchilds, I am sure that would be News to Glen Stevens the RBA Governor.

  9. That would be so dreadful. I remember my stepmother telling me about her losing 12/6 in the Depression when there was a bank collapse. And my grandmother NEVER trusted banks.

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