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NEWS > EVERYONE ELSE > ANXIOUS GREEKS WALKING OUT OF BANKS WITH POCKETS FULL OF CHANGE
ANXIOUS GREEKS WALKING OUT OF BANKS WITH POCKETS FULL OF CHANGE
December 6 2011
Athens, Greece – For a little while there it appeared that things were starting to get better in Greece. A bailout agreement had been made and the main powers behind the Eurozone were united in trying to tie the unravelling strand that Greece had become. Things have changed though, and not for the positive.
While efforts are still being made to try and resurrect the Euro, the crisis is perhaps as bad as it has ever been and there are no indications that anything positive is going to change. Across the continent nations are being put on credit warnings and, still at the centre of the crisis, Greece is starting to rip itself apart once again.
Across the country riots have broken out and regular people, fearing that their life savings could be lost if the Euro fails, have been withdrawing what little money they have left from their bank accounts, which in turn is only making the problem much bigger. Untrusting of their government and banks, though, the Greek people have remained defiant, marching down the streets with their pockets full of change and their heads filled with panic.
“These banks, they are no good. They waste the money that we make and they tell us we are wrong. This is no good of a situation and we don’t like the way they behave and so we take our money and we live our lives without them,” said one local man who could barely walk for all the change in his pockets.
Another joked that they would spend most of the savings they had just withdrawn on new pants to replace those worn down by all the coins.
Many other Greeks have moved their cash to banks in other countries, facilitated in part by a per pound investment adopted by many institutions in countries such as Lichtenstein, Switzerland, and Germany.
“Unfortunately people withdrawing their money at the level they are, and this has been going on for a number of years now, is only making the situation much worse. Banks rely on those funds for investment and when that capital dries up, they simply don’t have enough to stabilize themselves and the recession deepens. The people that most need to invest in Greece are the Greeks, but they aren’t doing that,” said Scrape TV Business analyst Ken 
Green. “The fear is sound, sensible, but they are actually creating the situation that is causing their panic. Unfortunately most Greek people appear to have tzatziki in their ears which, while delicious, really doesn’t help better the economy on the scale it needs help.”
Neither, it is believed, will Gyros, as delicious as they are as well.
“If people continue to do this, to pull out their savings, they are going to corrupt the country and eventually run out of places to store the money. Coins take up a lot of room and once the rioting starts in earnest, hiding that is going to be a priority, something I don’t think many people are going to be able to adapt to,” continued Green. “You could bury it I suppose but those worn and torn pockets are going to be dead giveaways that you have something stored somewhere and that will make people targets. In desperate times people will do desperate things, even for a few Drachmas.”
Pant sales remain the lone bright spot in the Greek economy.
Emil Uliya, International Correspondent
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