Greek officials were busy today cobbling together an emergency plan after talks to form a coalition government disintegrated Tuesday. In the meantime, Greeks have withdrawn $900 million from local banks.
During negotiations, Papoulias warned political leaders of a "great fear that could develop into a panic" as Greeks worry about the fate of the euro in their country should their government withdraw from
Commentators have suggested that scheduled June 17 elections could see the euro discarded in
Greeks have withdrawn 72 billion euros since January 2010, leaving bank deposits with 165 billion euros in March, according to the central bank. Social media users were buzzing Wednesday about rumors that Greek banks had set a withdrawal limit of 50 euros on accounts.
But without doubt, the economic situation in Greece is precarious.
Mario Draghi, president of the