Thursday, June 14, 2012

Greeks Withdraw Money Ahead of Key Election



'Greeks are withdrawing money out of the banks and stockpiling foodstuff ahead of a key parliamentary election on Sunday that many think will force the country out of the eurozone.
According to Greek bankers, some 800 million euros (1 billion dollars) were being drawn out from major banks daily, Reuters reported on Wednesday. Retailers said people are buying pasta and canned goods in case of shortages as concerns of returning to the drachma were fueled by rumors that Alexis Tsipras, the leader of the leftist SYRIZA party, may win the election.'

Read more: Greeks Withdraw Money Ahead of Key Election