The Gloves Come Off: Moody's Warns Of Greek The Gloves Come Off: Moody's Warns Of Greek "Deposit Freeze" As Schauble "Won't Rule Out Default"

So one way or another, the endless Greek headlines will cease at midnight on June 4, when Greece either has a deal in hand with Europe or its fails to pay the IMF, which will being a 30 day grace period countdown, after which Greece will be officially in default, leading to a prompt expulsion from the Eurozone once the ECB yanks its ELA funds which now account for nearly two-thirds of all Greek deposits.