Greeks withdrew €4.8B in deposits from domestic banks in May, the highest outflow since April...

|By:, SA News Editor

Greeks withdrew €4.8B in deposits from domestic banks in May, the highest outflow since April 2010. Last year, the money appeared to go to Switzerland, suggesting it was the rich moving the dough. Now Cyrpus - which has smaller minimum deposits - is the recipient, suggesting middle class money is fleeing.