The actual reason why Greece’s banks are freezing people’s money

Natural News Tracker


According to Natural News, Sky News stated, “The drastic move comes after people rushed to withdraw their cash amid panic ahead of the referendum on bailout terms.”

“Greek banks were on the brink of meltdown last night after the shock announcement that its crisis-hit government would hold a referendum on the terms of a fresh international bailout,” reports the Daily Mail. “With fears growing that the country’s banks could grind to a halt this week, the Greek authorities are expected to consider imposing capital controls as early as tomorrow morning.”

The Greek system of unlimited debt spending and endless retirement benefits for government workers has just hit a brick wall.

money roll (2)

The money has run out, and there are no more lenders willing to flush any more assets in order to fund Greece’s wildly unbalanced budgets. Debt payments are due on an ever-increasing schedule, and Greece simply doesn’t…

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