Greek Bank Warns Of Catastrophic Economic Impact To Euro Exit

Revolución 6:5,6 NCV Cuando el Cordero abrió el tercer sello, Oí al tercer ser viviente que decía:, "Venir!" Miré, y he aquí un caballo negro, y su jinete llevaba una balanza en la mano. Entonces oí algo que sonaba como una voz que viene desde el medio de los cuatro seres vivientes. La voz dijo:, "Un litro de trigo por un día de salario, y seis libras de cebada por un día de salario, y no dañes el aceite de oliva y el vino!"

"Contra viento y marea, los marcos de la de la economía mundial, político, y los sistemas sociales están siendo sacudido y están empezando a desmoronarse ".

-Jim Bakker en "la prosperidad y el apocalipsis"

The National Bank of Greece has issued a report ahead of the country’s June 17th elections that says if those elected choose to remove Greece from the euro it could have catastrophic impact upon the nation’s economy.

The bank stated the risk of the country exiting the euro has become more than a theoretical possibility.

“An exit from the euro would lead to a significant decline in the living standards of Greek citizens,” the bank’s report stated. The report continued to say that per capita income would fall at least 55 por ciento, a new national currency would fall 65 percent against the euro and that the nation’s recession would increase by at least 22 por ciento.

The report also threatened unemployment of 34% and inflation rates of 30%.

The bank is scheduled to release it’s first quarter earnings report and a loss is expected. The bank and other Greek banks are trying to encourage the country to stay in the euro for fears that a departure would lead to a run on the nation’s bank and destroy all cash reserves.

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