The bank runs are already seen as a foregone conclusion by the Greek government — and are already happening, which is why you see a war on cash. This is also occurring not only in Greece, but other nations. If cash is irrelevant banks cannot go broke because there is no physical liability owed by these same banks.
Please see the following posts for examples in the war on cash:
Greece is completely out of money and time is running out to save it from bankruptcy.
The cash-strapped country urgently needs an €7.2billion (£5.6billion) bailout loan to stay afloat, but so far it has been unable to reach an agreement with EU creditors over the terms attached to the cash.
Until Greek and European leaders reach a lasting solution to the crisis, Greece’s future inside the eurozone looks highly uncertain and a so-called ‘Grexit’ a strong possibility.
In the short-term Greece faces a number of debt repayments in June to the International Monetary Fund. Continue reading