The failure of Greece's coalition government in May 2012 increased the risk of Greece exiting the euro zone. Greeks were worried that no one would want the new currency adopted after the country left the euro zone, so they went to banks to withdraw their deposits, and bank runs began to occur.
On July 9, 2015, in Athens, Greece, people gathered to collect pensions as the Greek debt crisis deepened.
On May 15, 2012, the transcript of Greek President Papoulia’s meeting with the leaders of various political parties shows that he said at the time: “Greek Bank Governor Provopoulos told me that the market has not reached the level of panic yet.
, but a lot of worries may eventually turn into panic.” He disclosed that at 4 pm on May 15, 2012, he had a phone call with Provo Provost; the latter said that withdrawals and outflows had reached 700 million euros.
(approximately RMB 5.6 billion).
Provopoulos estimated that the outflow could reach 800 million euros (approximately 6.4 billion yuan), including buying orders for German government bonds received by banks.
While Greeks have been withdrawing cash from banks for several years, it is unusual to withdraw deposits as quickly as in the past few days.
According to data from the Bank of Greece, since January 2010, Greek companies and households have withdrawn 72 billion euros (approximately RMB 579.6 billion) in deposits. As of the end of March, only 165 billion euros were left in deposits in all banks.
(approximately RMB 1.32 trillion).
Many Greek people hope that Greece can remain in the euro zone, but they do not want the government to comply with the savings measures established by the euro zone.
Eurozone ministers agreed to extend the time for Greece to reduce its debt levels, but have not yet decided whether to issue the next bailout fund, which is related to whether Greece can maintain its solvency.