Bank run in Greece
We got ourselves a new twist on an old-fashioned bank run! By gum, it’s been a while.
The story notes that since the start of 2010, Greek banks lost nearly 30 percent of their total savings amounts, with September and October seeing a combined loss of 14 billion euros.
Greeks are either living off those savings or sending it out of country.
- Bloodletting begins: anxious Greeks emptying their bank accounts (theextinctionprotocol.wordpress.com)
- How the ECB could be forced to print money (blogs.reuters.com)
- European Bank Runs And Underestimated Physical Gold Demand (citizeneconomists.com)
Posted on December 6, 2011, in GEOPOLITICS, Greece, Political economy, Tax Payer's Dime and tagged Bank run, Chris Quinn, European Union, Greece, Greek, List of banks in Greece, October, Political economy, September, Spiegel, Tax Payer's Dime. Bookmark the permalink. 2 Comments.