Burglars target Greek savers
Filed under: News
Some are even attacking and tying people up in their homes, before fleeing with their savings. Most cash savings, unfortunately, are uninsured.
Need to know: Savings
Between January and March of this year, it's estimated Greeks withdrew more than €70bn from private bank accounts. The cash stash accelerated sharply after 6 May when Greek politicians started talking openly about their country quitting the euro.
Little hiding place
Greek police are now actively warning the public about a wave of break-ins with some, it's thought, being organised and operated from the ex Soviet republic of Georgia. One elderly women had her life savings of €100,000 stolen from her property.
Bank - or floorboards?For many Greeks the choice is either secreting the money somewhere at home - or putting it in the bank, which runs the risk of their savings being massively devalued, should the Greeks eject from the Euro.
"We urge people to trust the banking system, leave their money there, or at least in a safe place, not hide it at home, where they must anyway take the basic security measures," national police spokesperson Thanassis Kokkalakis told Reuters. "Some people don't even lock their doors and windows."
But too late for Andreas and Emilia Karabalis, both 80, on the island of Lefkada. "We were sleeping," they told Reuters. "The two masked burglars came to our bed and tied us up. They hit us. They robbed us - they didn't leave anything, it was torture."
- Euro plunges to 22-month low
- £14.5bn bailout for Greek banks
- One in four keep a weapon at home for security