Greeks Are Hiding Cash In Basement Vaults And Rat-Infested Holes Rather Than Leave At Bank

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Photo: en.wikipedia.org

A so-called silent bank run has been going on for several months in Greece as customers steadily withdraw cash. An Athens bank clerk tells the Guardian (via @taniabranigan): “I’ve been working in a bank for 31 years, and I’ve never seen a panic like this.”Rather than keep money in liquid accounts, Greeks are paying extra to put their money in a safety deposit box in the basement.

Others feel safer with the shoebox approach:

One senior investment banker… tells a story about an acquaintance who took out €30,000, wrapped it in a bag and stashed it in his garage. “The bag had previously had some food inside,” he says. “So it attracted rats, who ate the notes.”

Read more at the Guardian >

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