Bank runs Begin in Greece…(Be Here Soon!)
Lines to Withdraw Deposits
Queue Up as Run on the Banks starts in Greece
By Mike Shedlock
With talk of 50% or 60% haircuts on Greek bonds, already mistrustful Greek citizens have queued up to pull deposits. Via Google Translate, The Bild reports Greeks Plunder their Accounts in Fear of Debt Cuts.
Monday morning, 7.40 clock in the district of Athens, “Agia Paraskevi”. We, the BILD reporters are witnesses, of a queue in front of a branch of the “National Bank of Greece” right after the opening at 8:00.
“I come here to immediately pick up my pension € 300. Who knows what else happened today. My money is safe only when it is at home” said Pensioners Evagelos Dimitros age 73.