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A Front-Row Seat At A Bank Run

Friday, June 1, 2012 - 2:31 PM
A decade ago, investors thought Greece would flourish on the euro. Money poured in, and banks started lending it out.  Thefilos Papacostakis, a bank teller at Alpha Bank in Thessaloniki, got to hand out a lot of that money.

Last month, Thefilos says, his bosses called him in for a meeting. They told him things were about to get worse. When countries are in this kind of trouble, the bosses said, people panic and pull their money out of banks.

A Front-Row Seat At A Bank Run : Planet Money : NPR
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ShorebreakShorebreak2,686 posts since
Apr 6, 2010
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