Greeks and Italians are taking their money and running, moving it abroad or even burying it underground for fear the euro zone crisis will topple banks and wipe out what remains of their savings.
Bankers in Greece say worries about the resilience of local banks, coupled with a rise in burglaries, has helped trigger a surge in demand for safe deposit boxes for those who have yet to set up accounts outside the country.
Regards,
Don
More on this topic
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Eurozone Descends into a Farce as "Grexit" Looms Large
(Money Morning, 5/18/12)
EU Summit Produces a Long-Term Solution for a Short-Term Crisis
(Investment U, 12/16/11)
How the Euro Crisis is Good for Your Portfolio
(Investment U, 12/12/11)
Greece Secures Bailout, Gold Prices Respond
(Learn Mining News, 2/23/12)

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