Greek savers withdraw €300million from accounts in one day as default fears increase

One bank official recently said: “People are taking more or less everything they have got out of their accounts for fear that the government will be dipping into them next.”

The government is said to be considering implementing a levy on withdrawals in an effort to stop the outflow.

The Greek Prime Minister Alexis Tsipras has said that he will not accept the changes desired by creditors, which include labour and pension overhauls.

Negotiations between the two sides are still taking place.

As the date for Greece’s scheduled repayment draws ever closer, global financial markets have sunk on growing expectations that Athens will be forced to default.

June 5th – D day?