Greek Bank Deposits Fall to Eleven-Year Low

26-Jun (Bloomberg) — Greece’s bank deposits hit an 11-year low in May.

Official data from the Bank of Greece today showed deposits fell €3.8 billion to €129.9 billion at the end of last month, marking a 21 percent plunge since November. That was just before then-Prime Minister Antonis Samaras brought forward a vote for a new president that led to his government’s downfall.

With Greece’s continued presence in the euro hanging in the balance, and the threat of capital controls looming if Prime Minister Alexis Tsipras fails to reach a bailout deal with creditors, the outflow has continued in June.

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