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Thursday, February 26, 2015

Greek savers withdrew €12bn in January, ECB figures show

Scale of capital flight suggests newly elected Syriza government had to strike deal with eurozone partners over bailout to prevent full-blown bank runAnxious savers withdrew €12bn (£8.8bn) from Greece’s banks in January, underlining the desperate challenge facing Athens’ anti-austerity ministers during last week’s debt talks.Figures for February are not yet available from the European Central Bank, but the exodus is likely to have continued after the Syriza-led coalition came to power, and battled to secure a four-month extension on its €172bn bailout loan. Related: Greek bailout: Germany warns Athens must stick to pledges - live updates Continue reading...


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