“…when there is a risk of redenomination from euros into drachmas, the rational thing to do is to take money out of the bank, to either send it abroad or put it under the mattress. Why aren’t more Greeks doing it? Conversations with a small sample of Athenians suggest a number of explanations. One is emotional: some people see it as a matter of honour not to turn their back on the country by taking money out of the bank. “ Part of this is about not contributing to a problem I want to avoid,” says a local lawyer. “Banks need deposits to be able to extend funds, and I don’t want to be part of the problem.” Full article in the link below:

  • Limited rationality – The Economist
  • Final pleas ahead of crucial Greece election – AlJaZeera, text & video
  • Greece: What’s at stake in the election – CNN Money
  • Greece elections pose a crucial dilemma _ Q&A – AP
  • Outsiders desperately needed – The Economist
  • Following fallout from a Greek euro exit to the US – AP