Cash airlift helped avert Greek bank run during debt crisis

“Greece’s central bank had billions of euros of banknotes shipped in from other central banks to avert a bank run during the country’s debt crisis as depositors withdrew their money.  Fears the debt-laden country might ditch the euro and return to the drachma led Greeks to pull out billions of euros of savings in the last three years, stashing their cash under mattresses or in safe deposit boxes. To meet the high demand for cash, the Bank of Greece had loads of banknotes secretly airshipped from abroad, feeding it to banks throughout the country to avoid shortages that could have intensified worries and set off a bank run.”

http://www.reuters.com/article/2013/03/03/us-greece-banknotes-airlift-idUSBRE92209G20130303

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