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BREAKING NEWS
Cristian Espinosa was appointed Ambassador of Ecuador to the United States
Daniel Noboa receives the credentials of the new United States ambassador
40,000 women will receive scholarships in higher education
Julian Assange released from prison, after agreement with the United States
Armed Forces: Criminal gangs have lost USD 1.2 billion due to military operations in Ecuador
Minister of Defense: “It is not fair that some risk their lives, while others play with justice”
How can green banana flour enhance baked goods?
“I’m crazy for wanting to serve my country,” says Daniel Noboa at the presentation of “La Cárcel del Encuentro” in Santa Elena
Construction of the Encuentro maximum-security prison in Santa Elena begins
National blackout in Ecuador due to transmission line failure, confirms the Government

Greek Economy under Alert due to Millionaire Withdrawal

Posted On 16 May 2012
Yorgos Provopulos

Yorgos Provopulos

The political instability and the impossibility of creating of a Government in Greece has lead the Greek people to withdraw millions of Euros from their saving accounts.

Last Monday 700 million of Euros were removed from several banks in Greece. The Greek president Karolos Papuilas, explained to political leaders that in the next few days the situation will be worse.

According to the Bank Governor of Greece, Yorgos Provópulos, “The strength of the banks is too small in these moments.” The statistics of the Bank of Greece revealed that in the first two months of the year over 10,000 million Euros in deposits where removed.

Since 2009 the crisis has caused the banks to loose around 3,000 million of Euros in savings every month. (AV)

 

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