Tag Archives: Greece Withdrawals Up Again Due To “Uncertainty”; Situation Not Under Control; US VS. Greece

Mish/ Mike Shedlock – Greece Withdrawals Up Again Due To “Uncertainty”; Situation Not Under Control; US VS. Greece – 13 June 2012

Here is an interesting headline from the Greek website Ekathimerini: Withdrawals up again due to uncertainty.

The political polarization and uncertainty regarding Greece’s position in the eurozone generated a fresh spike in bank withdrawals last week.

In the last few days, withdrawals have increased again as bank clients convert their money into foreign bonds (mostly German) or opt for various alternative investments based on the US dollar in mutual funds. Continue reading

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