It Might Be Time to Panic About Greece

There is a lot of ruin in a nation, and Greece may well pull through its latest troubles. But I told readers to watch for signs of broadening panic, and now we have one.

Hide your money in a department store.

Photographer: Louisa Gouliamaki/AFP/Getty Images

Here's something that doesn't exactly cheer the soul: Greece's Eurobank Ergasias and Alpha Bank "have requested access to an emergency cash facility run by the central bank. Both said the moves were only a precaution and that neither faced an immediate funding crunch. People familiar with the matter said the banks are seeking a few billion euros between them. The move has again evoked fears over the stability of Greece’s banking system as the country lurches through another period of political uncertainty."

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