Greek C-130 Fighter Planes Transported BILLIONS To Feed ATM's During Height Of Crisis

The news that C-130 fighter planes were used to transport billions of Euros to ATM's around the country certainly startled quite a few people in Greece on Thursday. According to what was revealed, the bills that were carried by planes reached some 5.26 billion euros. The news was made through a book, that was published by the Bank of Greece, and which describes the incidents that took place between the periods 2010-2012, when Greece was living under the threat of default.

The book titled: “The Chronicle of the Great Crisis”, could indeed become a Hollywood action movie since it claims that from the summer of 2010 and for exactly two years, huge amounts of money were being carried to ATM's across the country in order to save the economy.

The book points to three separate occasions when the ATMs had dried up. At the time -thanks to the scaremongering of George Papandreou and his Cabinet- Greek citizens feared a possible default, and as such began to withdraw their life-long deposits in droves. According to the book, seeing this, the Bank of Greece decided to intervene and Greek military planes began carrying 50 and 100 euro bills across the country in an effort to feed the ATMs.

Interestingly, it also claims that shortly before the 2012 elections, some 76 and 71 trucks left the National Mint -or specifically on June 14 and 15- respectively, to carry much needed cash to the banks. Normally only 20 trucks would leave the Mint. However, the situation with the cash withdrawals had spiraled out of control to such an extent that by June 15th, which was the last working day before the elections, approximately 3.5 billion euros vanished from Greek banks and obviously this sounded an alarm to all those concerned.

What is even more revealing, is the fact that the book claims that the whole operation -or the liquidity injections- were all directed from abroad and the whole process was conducted in complete secrecy.

The book, which was presented by the outgoing Governor of the Bank of Greece, George Provopoulos, professor Michael Psalidopoulos and professor George Pagoulatos, was one of two novels that were presented in a special event that allowed Provopoulos to finally speak about the summer of 2012 and his concerns at the time since our nation was, according to him, close to exiting the Euro.

     “The summer of 2012 was a particularly difficult period”, he said and I am ready to take a long vacation now after all that anxiety.
     "I lived with the anguish” of that time and added that the Bank of Greece averted the worst scenario "with proper planning and hard work". 

The same book also speaks about the “limited” benefit of the two hair-cuts on the Greek debt in 2012 (or the PSI's).  As noted, the net benefit of haircuts did not exceed 51.2 billion euros and this indeed is startling news and something that we will probably begin hearing about in the next few days because -as it seems- the success of the PSI was not a success at all, but a complete failure of none other than Evangelos Venizelos -who we all know orchestrated the whole affair while serving under the George Papandreou government-.