;)
Greeks in Panic Withdrew 1,5 billion euro May 26-27
Posted by keeptalkinggreece in Economy, Society
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. (Proto Thema)
One of my aunts, 78, went to the bank on Friday and took 3,000 euro from her account. The bank notes landed directly from the cashier into her girdle! That’s the safety belt of my aunt when she picks money from the bank -out of fear a thief would grab her bag on the way home or exactly the moment she exits the bank.
My aunt had calculated that with this amount of money she would manage to survive more or less for three months – she would have money to cover her needs should the country collapse. She would have loved to withdraw all her savings from the bank, but then again she didn’t dare to – out of fear a thief would break into her flat. “With this crime rates?” A real nightmare for the old lady.
Greeks have been living the nightmare of losing their savings since months, since a year, if you read our article from June 8, 2010.
Blessed are those who have nothing!
;)
;)
;)
;)
;)
