The Greek election will be
closely watched, especially by financial markets hoping for stability in
Greece. Many Greeks are reluctant to keep their own money in banks, meaning
billions of dollars have left the country's financial system. They have been
removing their money from Greek banks for two years, sending it to Germany, the
United States and other safe havens. As the general election approaches, the
initiative has gathered pace. Central bank figures show that deposits shrank by
about 17 per cent or 44.4 billion dollars in 2011. At the end of April this
year they stood at 208.1 billion dollars. Consumers are stocking up on
nonperishable food, worried about the election outcome. Al Jazeera's Tim Friend
reports from Athens.
Video courtesy of Aljazeera
English.
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