LONDON/ATHENS |
(Reuters) - Greek savers may be gripped by a "great fear that could
develop into panic" in the words of President Karolos Papoulias, but
many Greeks shifted their money to safer havens in Britain, Switzerland,
Germany and Nordic countries long ago.Worries about a run on Greek banks has rattled Athens this week, after savers withdrew at least 700 million euros on Monday alone, according to minutes of Papoulias's comments to political leaders posted on the presidency's website.
It is not only Greeks who are worried about their savings. Data shows depositors have also taken flight from banks in Belgium, France and Italy. And on Thursday, Spain's Bankia (BKIA.MC) was reported to have seen more than 1 billion euros drained by its customers in the past week. (Continues) ..."
Source:
uk.reuters.com/article/2012/05/17/business-us-banks-deposits-idUKBRE84G0MG20120517
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