The Traderszone Network

Published in TZ Latest News 18 March, 2015 by The TZ Newswire Staff

Greek Bank Deposit Outflows Spike As Capital Controls Concern Spreads

With Greek bank bonds collapsing, stocks near record lows, Greek default risk at post-crisis record highs, and Greek government bond yields spiking, it has been surprisng that we have not seen the ATM lines and generalized ‘panic’ of a population in fear of being “Cyprus’d.” Well, now as ekathimerini reports, that appears to escalating and rapidly as credit sector officials estimated that the flight of deposits yesterday alone amounted to 350-400 million euros, which was some five times higher tha

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