In 2015, Greece closed its banks for three weeks and capped withdrawals at 60 euros per day per bank, before keeping some restrictions in place until September 2019. In France, public debt reached 119.1% of GDP at the end of June 2026 and the ten-year government borrowing rate hit 5% on October 21, while 74% of French people say they trust their bank. French banks nevertheless remain well capitalized and liquid, with high-quality equity representing 16.2% of their risk-weighted assets and a short-term liquidity ratio of 144%. The law allows payments to be suspended at a bank in difficulty for a maximum of two business days and withdrawals from life insurance policies to be temporarily restricted for six months, but it does not authorize a nationwide freeze of all accounts. In practice, savers can diversify their access to funds by opening an account at another institution or in another European country, or by holding part of their wealth in stablecoins in a self-custody wallet.
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