“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
(Visited 49 times, 1 visits today)
Related posts:
Body of Teen Killed by US Border Patrol Returned to Guatemala
59% of US employers will raise health care premiums in 2014
Engineers build bug-eyed camera that sees the world as flies do
Budget analysts project $1.1T federal deficit this year
Yellen Strikes Out
Trump's visa ban also applies to dual citizens
The drug war works its way into your pants
A brand-new $34 million U.S. military headquarters in Afghanistan. And nobody to use it.
Tools of Modern Gunmaking: Plastic and a 3-D Printer
Colombian president signs decree to legalise medical marijuana
San Francisco requires licensing, insurance for dog walkers
Bitcoin Spawns China Virtual IPOs as U.S. Scrutiny Grows
Pentagon agency lost track of $800M for construction, audit finds
Brazil hackers accidentally attack NASA as payback for NSA surveillance
Honduras court bans private cities project