Greeks are closing bank accounts and stock on fuel before parliamentary elections

ATHENS | Greek citizens are closing their bank accounts, stocks on fuel and some have hired security guards before Sunday’s parliamentary elections, a vote considered crucial for the remaining of the country in the Eurozone, reports of the Wall Street Journal online edition wrote.

“I do not know who to trust anymore”, said Ilias Daskalopoulos, a man aged 28 years remained unemployed. He decided to withdraw all his bank accounts, several thousand euros that he now keeps hidden in his house. “The situation could get very serious after Sunday’s elections”, the man said.

Other Greeks are transferring money abroad, hired security guards and made fuel stocks fearing that the economy will collapse and that the institutions will not be able to maintain order. Unemployment reached 22% and crime is increasing. European leaders have warned Greece is likely to leave the monetary union if the government formed after elections on Sunday will not meet credit requirements plan concluded with the IMF, ECB and EC.

One thought on “Greeks are closing bank accounts and stock on fuel before parliamentary elections

  1. Pingback: Weekly news retrospective: June 11-17, 2012 | The Romanian News Blog

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