Greek Blogger: Greeks in Panic Withdrew 1,5 billion euro May 26-27

From www.keeptalkinggreece.com

Panic is a bad advisor and panic creating politicians are bad for the country and the economy. Last Thursday and Friday, Greeks withdrew estimated 1,5 billion euro from their accounts after statements that “the 5th loan-tranche might be at risk”, or that “Greece has either to impose more austerity or return to drachma”. The extraordinary summit of political leaders put the cherry on the icing top covering nicely the cake of uncertainy.

Mostly pensioners and small savers rushed to the banks and withdrew amounts of 2,000-3,000 euro, some even 10,000-15,000 – out of fear the country might go bankrupt, or the deposits would be frozen temporarily, or even savings would be lost.

Read the rest here.

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About 3xG Admin

I am interested in Gold, Silver, Energy, Geopolitics, Economics, Religion, Demography, History, Complex systems, Critical theory, Antipositivism, Sociology of knowledge and Chaos theory.
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One Response to Greek Blogger: Greeks in Panic Withdrew 1,5 billion euro May 26-27

  1. Pingback: Greek Blogger: Greeks in Panic Withdrew 1,5 billion euro May 26-27 » Greece on WEB

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