Greece: A safe investment
23 May 2012
Bank panic – Greeks are withdrawing their money.
"Quick, hide this under the mattress!"
Amidst fears of a possible Greek exit from the euro, more and more Greeks are withdrawing their savings from national banks, fearing bankruptcy. The European Financial Stability Fund has announced that 18 billion euros in aid will be paid on May 28 to the four major Greek banks to offset their loss of liquidity.