Greece Falling Apart, Troops in Libya, and More Protests

Just a quick post for today.  Things keep going downhill for Greece including those who support another bailout.  First up is the universal sign of an impending crisis: a bank run.  Via Mish:

Only a few steps separating from Friday to yesterday's mass panic! From early morning to counter the banks there is serious pressure for withdrawals of deposits, especially small amounts. The pressure on banks began last Wednesday, culminating in yesterday's day.

It is significant that Thursday and Friday, banking sources estimate that rose around 1.5 billion euros in total! According to the same month in May estimated the outflow estimated at least 4 billion from 2 billion in April.

The majority of depositors rushed to withdraw for pensioners and small savers and amounts ranging from 2-3000 lifted until 10 -15 000 euros. Motivation in most cases it was the fear that led the country into bankruptcy, deposits frozen even temporarily left without cash, or even lose their savings.

The amount of small withdraws is really a sign, it's not just the international market that is anticipating a crisis anymore.  With all the mass protests going on, it's only a matter of time before some idiot conspiracy theorist comes out and starts warning about a military coup.  Well, who is more of a conspiracy nut that the CIA?

"According to the CIA report, ongoing street protests in crisis-hit Greece could turn into escalated violence and a rebellion and the Greek government could lose control, said Bild. The newspaper said the CIA report talks of a possible military coup if the situation becomes more serious and uncontrolled."

You gotta love Zerohedge.  Especially for pointing out this report from the Guardian that we all knew was a matter of time:

Armed westerners have been filmed on the front line with rebels near Misrata in the first apparent confirmation that foreign special forces are playing an active role in the Libyan conflict.
A group of six westerners are clearly visible in a report by al-Jazeera from Dafniya, described as the westernmost point of the rebel lines west of the town of Misrata. Five of them were armed and wearing sand-coloured clothes, peaked caps, and cotton Arab scarves.
The sixth, apparently the most senior of the group, was carrying no visible weapon and wore a pink, short-sleeve shirt. He may be an intelligence officer. The group is seen talking to rebels and then quickly leaving on being spotted by the television crew.

Remember that Western troops on the ground is a violation of the original U.N. resolution:

The subject is sensitive as the UN security council resolution in March authorising the use of force in Libya specifically excludes "a foreign occupation force of any form on any part of Libyan territory".

It sure gets tired asking where the outrage is all the time, so I will let this one past.

I will end with two more reports of worldwide discontent.  First is in Kuwait where 2,000 protested for the resignation of the prime minister and next is in Morocco who are protesting the overall government.  Here is some disturbing footage of Morocco:

They make our protests look like crap: