A dramatic circular to prevent people from withdrawing their money

Twice so far, an e-mail has managed to create panic in Greek society, activate domestic and foreign enforcement authorities, upset banks and mobilised the Greek government in order to stop the uncontrollable speculation.
 
The latest issue is debt restructuring, either by way of extension or through a “haircut”; that is, the elimination of a part of the Greek bonds with implications for those who own state bonds and mainly for banks, insurance companies and insurance funds.
 
In recent weeks, repeated statements by German agents and publications in German and international media maintain this scenario, thus creating a continuous mess for Greek citizens.
 
As shown by official data, the result is the reduction of deposits by almost 15bil euros within the first four months of 2011, a phenomenon that increases when the rumors are peaking.