The Greek finance minister, Gikas Hardouvelis, said in a statement that there was a “small chance” of a bank run, but did not rule out the possibility altogether.
In November, there was roughly €220 million withdrawals from Greek banks, but in December that number jumped all the way up to €3 billion.
Greeks are depositing much less money in the bank as well. Deposits in Greek banks have dropped by 37% since 2010.
Investment experts are warning Greeks to take their assets out before there is a run on the banks. However, politicians are urging the public to remain calm.
Latest posts by Niamh Harris (see all)
- Whoopi Goldberg Says Trump Won’t Be Running in 2024 Because He’ll Be in Jail - December 1, 2020
- Schumer Says Hearings for Biden Cabinet Picks Must Start Before Inauguration - December 1, 2020
- LA County Supervisor Caught Dining Outside… Hours After Voting To Ban Outdoor Dining - December 1, 2020