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Greece's big banks have seen combined daily deposit outflows of €500M-800M in recent days,...

Greece's big banks have seen combined daily deposit outflows of €500M-800M in recent days, according to senior Greek bankers, an accelerated outflow rate ahead of this weekend's elections on concerns the nation may move closer to abandoning the euro. Smaller banks have seen outflows of €10M-30M.
Comments (4)
  • Losing Paper While Gaining ...
    , contributor
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    If the ECB aren't shipping printers to greece those banks are going down!
    13 Jun 2012, 04:52 AM Reply Like
  • User 353732
    , contributor
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    This is both expected and terminal. When the Greek people have no confidence in their institutions and polity why should the Germans? No outside force or entity can save the Greeks from their pathologies; Until Greece flees the Euro and EU , Greeks will not have either the incentive or the will to act either to restore their economy or descent further into a third world kleptocratic oligarchy.
    13 Jun 2012, 05:41 AM Reply Like
  • DaLatin
    , contributor
    Comments (1522) | Send Message
     
    Greeks are always going to be Greeks,but, even they can have common sense ! Pulling every Euro out of the bank makes good sense and the mattress full of Euros will surly beat an account loaded with monopoly drachma !

     

    If you look at whats going on bank runs are all over the PIIGS and German banks are flush with $s and Bunds are below 0%...

     

    tic tic tic
    13 Jun 2012, 05:48 AM Reply Like
  • youngman442002
    , contributor
    Comments (5129) | Send Message
     
    Yes Euros in hand will be much better than Drachmas...period
    someone is giving the banks the cash to cover this outflow though....who and why???? its all lost money...

     

    on the other side....
    Iceland's central bank raises its key rate by 25 bps to 5.75%. "The economic recovery is broadly based, and the growth in domestic demand is robust. Signs of recovery in the labour and real estate markets are steadily growing stronger."
    13 Jun 2012, 07:11 AM Reply Like
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