ATHENS (Reuters) - Greeks pulled their cash out of the banks and stocked up with food ahead of a cliffhanger election on Sunday that many citizens fear will result in the country being forced out of the euro.
Bankers said up to 800 million euros ($1 billion) were leaving major banks daily and retailers said some of the money was being used to buy pasta and canned goods in case of shortages, as fears of returning to the drachma were fanned by rumors that a radical leftist leader may win the election.
The last published opinion polls showed the conservative New Democracy party, which backs the 130-billion-euro ($160 billion) bailout that is keeping Greece afloat, running neck-and-neck with the leftist SYRIZA party, which wants to cancel the rescue deal.
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Greeks
can face situation which occurred in Germany, Zimbabwe and a total of
32 countries where items of daily use and food become extremely
expensive because the government denominated currency becomes severely
low in value. http://en.wikipedia.org/wiki/Hyperinflation
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