Greece has stronger position than its creditors, Turk tells KWN


8:13p ET Monday, June 15, 2015

Dear Friend of GATA and Gold:

Greece has the stronger position in its confrontation with the European Union, the European Central Bank, and the International Monetary Fund over its unpayable debt, GoldMoney founder and GATA consultant James Turk tells King World News today.

"The Athens government has asked all cities and other governmental bodies to move their available cash into accounts at the central bank," Turk says, "This is being reported in the mainstream media as a way for the central government to get its hands on more cash, but that is not correct. It is to prevent the European Central Bank from taking this cash of governmental bodies when the ECB finally bails in the private Greek banks."

Turk's interview is excerpt at the KWN blog here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


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