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Greek Bank Run Re-accelerates: Massive Deposit Withdrawals Despite Capital Controls

Thursday, February 16, 2017 16:44
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(Before It's News)

zerohedge.com / by Tyler Durden / Feb 16, 2017 11:38 AM

Delays in the talks between Greece and its lenders have brought back the ghost of Grexit.

The grave disagreement between the International Monetary Fund and the European lenders, Grexit bombshells flying around and Greece’s reluctance to accept additional austerity measures have increase uncertainty among citizens – for one more time.

And so, as KeepTalkingGreece.com notes, what do citizens do when they feel political and economical insecurity? The run to banks and withdraw deposits.

2.5 billion euros left Greek banks in the last 45 days.

And this despite the capital controls that allow Greeks to withdraw a maximum of just 1,800 euro per month.

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The post Greek Bank Run Re-accelerates: Massive Deposit Withdrawals Despite Capital Controls appeared first on Silver For The People.



Source: http://silveristhenew.com/2017/02/16/greek-bank-run-re-accelerates-massive-deposit-withdrawals-despite-capital-controls/

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