Greece debt crisis: Bank run gains pace as default fears grow

SAVERS are clearing cash out of Greek banks as the prospect of total economic meltdown is just days away.

The broke country is on borrowed time before it goes bankrupt and is forced to exit the euro.

“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,” a bank official told the Guardian.

But Greece has struggled to pay pensions, public sector wages and suppliers in recent weeks, which has sent alarm bells ringing through the country. Continue reading