Greek banks focus on the present

The country seems to be turning a corner: there are hopes its economy might return to growth this year. Local banks think they’re in good shape for the European Banking Authority tests and that there might even be opportunities in non-performing loans.

Low compensation prompts banker exodus fears

Greek present iStock-envelope

At the height of the Greek economic crisis, a depositor in one of Athens’s wealthier northern suburbs strode into his local bank and demanded to withdraw his life savings on the spot. As these amounted to more than €1 million, it took a while for the bank’s staff to gather the cash together. But the depositor was eventually ushered into a small room where several bundles of €50 notes had been neatly piled in accordance with his instructions.

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