Tuesday 3 January 2012
Greeks, Italians burying cash as crisis fears grow
Retail bank deposits in Greece have plunged to five-year lows as fears mount the stricken nation will fail to meet international lenders’ bailout terms and restructure loans by March; Greeks and Italians are taking their money and running, moving it abroad or even burying it underground for fear the eurozone crisis will topple banks and wipe out what remains of their savings.
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