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Greeks Withdrew 2.5 Bln Euros in December

eurosJust four weeks before the upcoming snap elections, Greeks are becoming more concerned about the country’s debt and financial crisis, reported German newspaper Die Welt.
Fearing political and economic turmoil, many Greek savers and entrepreneurs opted to withdraw their money from banks. A total of 2.5 billion euros was withdrawn from Greek banks in December 2014, noted the article.
According to the German newspaper, “the ongoing mini-capital flight is unusual and it is explained by the citizens’ major concern for the January 25 snap elections. The money withdrawal trend started in November, with a 200-million-euro capital flight.”
Meanwhile, the Germans have also brought up the drachma issue, connecting it with the upcoming snap elections. “Some experts are talking about Greece’s possible exit from the Eurozone. At this point, other countries in the Eurozone would be able to address the Grexit issue much easier.” The polls show that a tough electoral battle and an even more difficult election result will come at end of January. “The political climate in Greece is very polarized,” concluded the article.

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