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"Greek banks have lost $63.5bn in deposits - 20pc of GNP " - The Telegraph

I noticed this little snippet in the rolling coverage of the Euro crisis in The Telegraph today. The paragraph actually says;
13.20 Two remarkable stats from the New York Times' report on the rage and paralysis stalking Athens.

Greek banks have lost $63.5bn in deposits - 20pc of GNP -, with up to $20.7bn gone in the last two months alone. Greek families are sending their life savings abroad amid fears their banks could collapse.

As families cut back, the number of uninsured drivers has risen by 500,000 in a quarter to 1.5 million.

That's quite a run on the banks :eek:!

http://www.telegraph.co.uk/finance/financialcrisis/8846201/Debt-crisis-live.html

Comments

  • IronWolf
    IronWolf Posts: 6,465 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Not surprising really. The likelihood is the Drakma's coming back and will be massively devalued, anyone with assets safe in € or US$ will be much better off.
    Faith, hope, charity, these three; but the greatest of these is charity.
  • worldtraveller
    worldtraveller Posts: 14,013 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    edited 7 November 2011 at 3:34PM
    This has been going on for some time now and surprised it's only picked up on by the New York Times today.

    http://forums.moneysavingexpert.com/showpost.php?p=43891478&postcount=12
    There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...
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