NaturalNews – J.D. Heyes – Bank Runs Begin As ‘Grexit’ Crisis Continues – 25 February 2015

(NaturalNews) Fearing a “Grexit” — a Greek exit from the European Union over differences regarding conditions surrounding a 2012 Eurozone bailout of the fabled nation — scores of Greek depositors have begun taking money from banks and running.

As reported by CNBC, the run on banks comes amid a “dramatic showdown in Brussels” between the newly elected left-wing Greek government and European creditors. Depositors are being spooked by the thought of a potential Greek default or worse, a pull-out from the EU and a return to the drachma, Greece’s former currency. The depositors are pulling out record amounts of cash.

Advertisement