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Friday, January 30, 2015

Greece's Predicament in One Scary Chart

If the new prime minister of Greece, Alexis Tsipras, hopes to make a deal with his country's creditors, time is of the essence. Judging from data on capital flows, Greece's change of political course is rapidly eroding confidence that it will stay in the European currency union. Such capital flight can be tracked (roughly) by looking at the accounts of central banks: If 1 billion euros moves out ...


READ THE ORIGINAL POST AT finance.yahoo.com