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Greeks pull money from banks ahead of polls

2012-08-17 1 Dailymotion

The Greek election will be closely watched, especially by financial markets hoping for stability in Greece.<br /><br />Many Greeks are reluctant to keep their own money in banks, meaning billions of dollars have left the country's financial system.<br /><br />They have been removing their money from greek banks for two years, sending it to Germany, the United States and other safe havens.<br /><br />As the general election approaches, the initiative has gathered pace.<br /><br />Central bank figures show that deposits shrank by about 17 per cent, or 44.4 billion dollars in 2011. <br />At the end of April this year they stood at 208.1 billion dollars. <br /><br />Consumers are stocking up on nonperishable food, worried about the election outcome.<br /><br />Al Jazeera's Tim Friend reports from Athens.

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