| With Greek banks reported to be preparing contingency plans for a potential ‘bail-in’ of depositors as fears grow that Greece is heading for an economic collapse, some urgent measures now need to be found. Could then a parallel currency provide an answer and be an alternative for Greece?
The latest bail-in development, which apparently calls for a haircut of 30% on bank deposits over €8,000 (c.US$8,880), comes just after the International Monetary Fund (IMF) warned last week that the country required a massive further €60 billion (c.US$66bn) in funds to stabilize the economy over the next three years until the end of 2018...............................................Full Article: Source
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