“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
Related posts:
Abe's party loses local vote after Japan's security policy shift
Professor in Jesus-stomping controversy reinstated, will teach online courses
Trump blames Democrats for family separation policy at the border
With military at ‘turning point,’ defense chief Leon Panetta avoids bold moves
Bloomberg Strikes Again: NYC Bans Food Donations To The Homeless
Geneva unveils wireless electric bus technology
Trust in Governments Slides to Record Low Amid U.S. Spy Programs
China launches longest-ever manned space mission
Building superintendent mistakes tomato plants for pot, and so did cops he called
At White House Request, Lockheed Martin Drops Plan to Issue Layoff Notices
Toyota tests wireless charging for electric cars
$1.3 billion flowing through 2012 presidential race
An Economist's Call For A Global Tax on Wealth
FBI: Driverless cars good for surveillance but could be deadly weapons
In crisis-ravaged Greece, ‘laughter clubs’ are booming