The Greek central bank – whatever that is: some local subsidiary of the ECB? – released February corporate and household deposit data. The chart below explains it all: back to May 2006 levels and the run shows no sign of abating And remember Venizelos’ sage February words of advice?“VENIZELOS SAYS NOW IS THE TIME FOR DEPOSITS TO RETURN TO BANKS“… that didn’t work too well.
If you enjoy the content at iBankCoin, please follow us on TwitterRelated Articles
Where the World Stands
July 30, 2014
The IMF Warns of Shocks to Global Growth
July 30, 2014