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    VIDEO: Greeks withdraw millions from banks

    Thu, 05/17/2012 - 01:47 EDT - BBCNews

    Savers in Greece have been withdrawing hundreds of millions of euros from Greek banks, amid fears the country may have to withdraw from the single currency.

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      Greece's second- and third-biggest banks posted Thursday hundreds of millions of euros in quarterly losses due to a drawn-out recession and write-offs of Greek sovereign debt. Greece's second-biggest bank Alpha posted a net loss of 107.8 million euros ($133 million), citing "the deepening recession," now in its fifth year, in an earnings statement."Impairment losses on loans amounted to 320.7 million euros", 23.2 percent higher than the same period a year earlier, the bank added.

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