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Up to €1.2 billion were pulled out of Greek banks in just two days (Photo: bundesbank.de)

Euro fears rise as Greeks withdraw money from banks

Greeks have withdrawn billions of euros from their banks in recent days, with the country's president warning of "panic" at the prospect of the country leaving the eurozone.

"My family already sent some €20,000 of our savings to my sister, who lives in Switzerland," says M.S., a Greek citizen who lives in Brussels and works in the financial sector.

Like him, many Greeks are either transferring their savings abroad or taking them out of the banks, driven by fear that the country m...

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