A System Flush with Cash - But Savers Get Pennies
At a moment when the Greek economy is showing signs of stabilizing and citizens are seeking safe ways to manage their money, the state of the country's banking system is raising serious concerns. Despite a global rise in interest rates since the pandemic-conditions under which savers should be seeing significantly higher returns-Greek banks continue to offer almost nothing to those who keep their money in deposit accounts. As a result, savers find that not only is their nest egg failing to grow, but its real value is shrinking, exposing a striking disconnect between the strengthened position of the banking sector and the negligible benefits reaching the public. In September 2025, the average weighted interest rate on new deposits was stuck at just 0.30%. This figure barely reflects the actual cost of money in the eurozone and translates into an annual gain of only three euros for every thousand euros held in a basic savings or...
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