Posts Tagged ‘ Greek run on banks ’

Greek Run on the Bank – Is a global financial meltdown just around the corner?

May 17th, 2012 | By

News broke yesterday morning that fears over a Greek exit from the euro has caused a major run on the banks in Greece. Greek President Karolos Papoulias told party leaders that “Anxious Greeks have withdrawn as much as 700 million euros ($893 million) from the nation’s banks” in the last week.