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Greek crisis, banknotes return to banks after the elections

The Greek Finance Minister, Yannis Stournaras, announced that Greece is finally slowly seeing "liquid" money (banknotes) back around and already 2 billion euros have entered bank accounts since the end of the elections.

Greek crisis, banknotes return to banks after the elections

Greece is regaining self-confidence and is experiencing a moment of confidence since a conservative party has been in government, whose electoral program is to keep Greece within the European Union.

The small savers, fearing the return to the drachma and the crisis in the previous Greek elections in which the extremists of the left and right had won, seeing or failing their own attempt to succeed in setting up a government, had withdrawn a lot of money from their own accounts to be able to pay bills and taxes. In fact, Greek banks had to ask for liquidity from the Greek Central Bank and the European Central Bank. And now this money is slowly returning to banks and citizens' bank accounts.

Who would have thought that in the end the Greeks would be like ants? That they kept their supplies safe until the winter/pre-election domestic crisis?

According to Reuters, Greek banks are seeing around 20 million a day of liquidity returning to the accounts of these small savers/ants who had secured their money. In short, the dark and dense period that Greece is going through seems to have passed. And the banks and the Greeks themselves can breathe again.

Source: www.reuters.com

 

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