Greece Floats Surcharge On Withdrawals As ECB Considers Cuts To Liquidity Lifeline
Submitted by Tyler Durden on 05/06/2015 09:36 -0400

As we first reported on Monday and as we outlined in more detail on Tuesday, the IMF and Greece’s EU creditors are now at odds over what constitutes an acceptable set of reforms. Although disagreements between the IMF and the rest of the Troika over Greece are not unprecedented, Syriza era negotiations have been largely characterized by the fractious relationship between Athens and its creditors,

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Today’s news flow out of Greece starts with what look like more ‘soft’ capital controls as Athens is considering the imposition of a surcharge on withdrawals and transfers and is also mulling a ‘ceiling’ on the latter.

Via DailyMail:

Zitat

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Greece has revealed it is to introduce a surcharge for all cashpoint withdrawals and financial transactions in a desperate attempt to prevent citizens withdrawing their money from the country's beleaguered banks.

Ministers hope the controversial move could raise as much as €180 million, which the Athens government hopes will help the country avoid defaulting on debts owed to international creditors…

Clarifying that the charge will not apply to money paid in to a bank account, a senior finance ministry official told The Times: 'The surcharge is just one of a grab-bag of measures we are considering if things get tough.'

] The official added that Greece is also considering a ceiling on bank transfers over €1 million in what could fire the starting pistol for capital controls if Greece does go bust over the coming months.

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Moire:
http://www.zerohedge.com/news/2015-05-06...uidity-lifeline

Link to DailyMail:
http://www.dailymail.co.uk/news/article-...ered-banks.html

My favorite comment:
"It's your money

Just dont ask for it"