As talks between Greece and its creditors continue in Brussels on Friday, ECB confirms that savers pulled €5.6bn out of their accounts last monthEuropean shares fell on Friday after Greek bank deposits slumped to a decade-low, raising fears that the country is heading towards a disorderly exit from the eurozone.Following Thursday’s warning from Christine Lagarde, head of the International Monetary Fund, that Greece could potentially leave the euro, investors remained sceptical of a debt deal this weekend. Athens’ benchmark share index fell 0.2%, having been down almost 2%. The pan-European FTSEurofirst 300 index was down 0.3%, also slightly recovered from an earlier drop.European markets continued to feel the ongoing effects of the situation in Greece, with fresh fears that the country will be unable to make yet another repayment due to the IMF. The Greek government has still not made it clear how it intends to make the €1.6bn repayment, the first tranche of which falls due next Friday. Continue reading...
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