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Crisis of confidence.
A lot of folks are heading to the bank to pull out euros how thousands of them.
They're afraid the rapid devaluation could either way their life savings if Greece gets out of the Euro -- Even the president of Greece is worried that fear could turn into panic in the weeks before new elections are scheduled.
Greg Burke is streaming live from Rome with that situation right.
John that's right you know this could end up like a scene out of the movies people are nervous it gets bigger it snowballs it turns an absolute panic and in the end.
A run on the banks that would be bad news now Greece is in trouble it's been in trouble for a long time -- small country but it's already needed to massive bailouts just in order to pay its bills.
Now -- one of the most critical times in recent history.
Offer Greece they can't even get a government together they had elections on May sixth which -- absolutely nothing.
Not today naming a caretaker government that will be up in there just until next month when their new elections with the hope that that will somehow.
Make things better while the markets across Europe are nervous they're certainly not as nervous is the -- people as you mentioned going there to the banks they've withdrawn -- out a billion dollars just in the last couple days.
But tiny Greece does have an effect on the rest of Europe even on bigger countries such as.
All right France and Germany the -- effect is growing as it becomes more and more likely that they could have.
Have to leave the Euro zone that would end up meaning they would no longer -- have the -- that have the drachma which would be worth a whole lot less and finally John.
It's interesting Greek political leaders are talking right now that this is a moment to be responsible well responsibility something they should have been thinking about in the last few decades when they were spending a whole lot more money than they were taking in.
-- aren't Greg Burke in Rome thank you Greg.
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