Stuffing mattresses

As The Economist went to press, Greece was locked in talks with its creditors (see Charlemagne). Without a deal, its ability to pay its bills, starting with €300m ($338m) due to the IMF on June 5th, was in doubt. Greek depositors seem to fear that a default might lead the government to shore up the country’s finances by freezing accounts or converting them to a new, less valuable currency. At any rate, since December they have been withdrawing money at a more frenetic pace than at any point in Greece’s long crisis, much of it in cash. That has forced the central bank to print more euro notes.

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