Perissa Beach on Santorini in Greece. Source: Big Stock Photo
June 15, 2010
Greek banks in trouble?
To make matters worse, consider this blog by Joseph Cotterill at the Financial Times. It would appear that Greek banks are on their way to hitting the wall and crashing:
"...Greek banks’ borrowings from the ECB [European Central Bank] are largest in proportion to their balance sheets than any others in Europe’s banking system."
Related:
2011 – Creating the European Financial Stability Facility (EFSF) & the "PIIGS"
2017 – Another Greek Economic Crisis?
The Drachma almost returned to Greece 2013–2017
Greek economic Survival in the 1990s
Greece's Golden Visa program
