Wednesday, May 16, 2012

Greeks Pull Nearly $900 Million From Banks (In One Day!)




Greeks have been withdrawing hundreds of millions of euros (dollars) from banks in recent days as the prospect of the country being forced out of the European Union's common currency zone seems ever more real - although there has so far been no sign of a run on bank branches in Athens according to a Reuters report.

Political leaders failed to form a government following an inconclusive parliamentary election on May 6, leaving the state with its coffers almost empty and no elected cabinet in place to satisfy lenders it deserves the money needed to stay afloat….

Find out more at http://www.reuters.com/article/2012/05/16/greece-idUSL5E8GG0S120120516

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