Quote:
The European Central Bank is expected to end emergency lending to Greece's banks on Sunday, the BBC understands.
The country's banks depend on the ECB's Emergency Liquidity Assistance (ELA). Its governing council is meeting later.
Greece will probably have to "announce a bank holiday on Monday, pending the introduction of capital controls", a source told the BBC's Robert Peston.
The bailout for heavily indebted Greece expires on Tuesday and talks have broken down.
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http://www.bbc.co.uk/news/world-europe-33303105
---------- Post added at 10:07 ---------- Previous post was at 09:59 ----------
As this situation worsens, I wonder whether there's going to be any resentment or action taken against those who're insulated against the problem e.g. the ex-pats who can rely upon external sources of income such as overseas investments and pensions. Once the ATM's start working again, there'll be those who'll have money to withdraw and those who don't. Many of the former won't even be Greek and I don't suppose Germans will be too popular.