Draghi Freezes Greek ELA, Varoufakis Tells BBC “Looking At Imposing Capital Controls, Closing Banks”

With Greece having gone past the point of no return, things are now escalating very rapidly, and moments ago the BBC’s Nikc Sutton tweeted that the BBC’s Mark Mardell was told the Greek government will be “looking overnight at imposing capital controls and closing banks on Monday.”

The context, of course, is bluffing until the very end, with Varoufakis claiming that if the ECB were to stop support for Greek banks, then Europe as we know it (or not) “has failed.”

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