Wednesday, May 16, 2012

The Big Surprise Here Is That Greeks Still Have Money In Banks

Greek President Told Banks Anxious as Deposits Pulled

"Greek President Karolos Papoulias was told by the nation’s central bank chief that financial institutions are worried about their survival as Greeks pull out euros amid a deepening political crisis.

Central bank head George Provopoulos told Papoulias that Greeks have withdrawn as much as 700 million euros ($891 million) and the situation could worsen, according to the transcript of the president’s meeting with party leaders on May 14 that was published yesterday.

“Provopoulos told me that of course there’s no panic but there’s great fear which can evolve into panic,” the president said."


Post a Comment

<< Home

Cost of the War in Iraq
(JavaScript Error)
To see more details, click here.