will have the opposite of the intended effect.

"nothing to see here, move along now" and they are correct--there will be NOTHING to see here (at the banks because the government just confiscated the paltry remains).

Translated into Greek, to a Greek, all this means is: "Please leave us something left to confiscate."

the BBC, which so far apppears to have good sources on this issue, has said that the EuroGroup has decided - and will announce today - that the European Central Bank will be withdrawing the Emergency Liquidity Assistance to Greek banks from today (sunday).

this means that unless the Greek government closes its banks on Monday - and finds money from somewhere - that the Greek banks will fail by tuesday/wednesday. this means no ATM's, no card payments, no nothing.

will continue Emergency Liquidity Assistance at current levels, but they're not going to raise the ceiling. Which itself could be a big problem come Monday, because paying the IMF isn't the only expenditure the Greek government has coming up:

Even before Tuesday when Greece’s bailout programme expires, another deadline is coming towards Alexis Tsipras’s government like an express train.

The end of the month is fast approaching, and with it the payment of wages and pensions which should begin on Monday.

That – and not the bailout expiry – could trigger the closure of the banks and the shutting down of their cash machines, the daily Ta Nea reported today. It said the government was hoping the central bank would transfer €1.5bn to keep people from leaving bank counters and ATMs empty-handed.

But what no one knows is whether – with or without the support of the ECB -- the Bank of Greece has the money to transfer. If not, then the banks may well be shut tomorrow as they prepare for restrictions on depositor withdrawals.

Even if the central bank can scrape together the funds for Monday’s heavy withdrawals, without ECB support, the retail banks look certain to run out of cash once that wages and pensions have been paid. At that point, restrictions would become inevitable.

Ta Nea said that adjusting the country’s ATMs would take two to three days, during which the banks would need to remain closed.

Even here in Norway we've been told the same thing.

What's the billionaire care? He's already got armed body guards who won't be burdened carrying an extra suitcase full of hard currency he can use to make the peasants dance for him.

The next rung down this ladder of civilization is the war-lord and his lackeys who shoot at the peasant's feet to make them dance.

I swear, it seems the big money people of Europe are longing for the bad old days of southern European fascism, fascism-dressed-up-as-Communism, organized crime, and political chaos.

Listen to John Maynard Keynes, do whatever the hell it takes to keep the ATM's full and the smaller bank accounts solvent.

Fuck the pathetic whining of the uber-wealthy classes, the right-and-left-wing nationalists, the racists, and the believers in bizarre economic and religious theologies of austerity and punishment.

Not yelling, that was the headline type.

It's really becoming petty over Greece refusing to cut it's pensions.

Now what would be funny is if the German People kick out Meckel for being the right-wing tool that she is. And to think, the big worry when she took office was that she might be too far to the left since she came from the formerly communist East Germany.