Greek financial concerns deepen ahead of repeat elections
700 million Euros have been withdrawn from Greek banks in the past ten days. John Psaropoulos of The New Athenian, told the PBS television network in the United States that his fellow Greeks are extremely concerned by the country's financial outlook.
Greece is being kept afloat by bailout loans from other euro-zone countries and the International Monetary Fund: loans being parcelled out piecemeal and conditioned on highly unpopular austerity measures.
Reneging on the austerity measures – as several of the left-leaning Greek parties that made gains in the May 6th polls advocate - would lead to state coffers running out of money, including for pensions, health care and salaries.
The instability has led to questions about Greece’s prospects of remaining in the Euro.
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