Bloomberg Business reports Greeks are taking money out of their bank accounts. Dang, I hope they are smart enough to do that.
Let's say you live in Greece and have euros in the neighborhood bank. You worry that your government will eventually drop (or be forced) out of the euro zone and preemptively convert your bank deposits to drachmas.
Logically, you go to a more stable country like Belgium or the Netherlands, open a bank account, and move your euros there. Net impact on Greek banks - lost deposits. If enough of this happens, the result is a run on the bank and bank failure. Also some euros will go under the mattress or into a home safe.
This is one of those situations where what is good for you as an individual or a family is bad for your country and vice versa. If you leave your savings in the local bank you support Greece but risk losing much of your savings.
