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Friday, 17 February 2017

Greek Bank Run Re-accelerates: Massive Deposit Withdrawals Despite Capital Controls

Zero Hedge

Delays in the talks between Greece and its lenders have brought back the ghost of Grexit.

The grave disagreement between the International Monetary Fund and the European lenders, Grexit bombshells flying around and Greece’s reluctance to accept additional austerity measures have increase uncertainty among citizens – for one more time.

And so, as notes, what do citizens do when they feel political and economical insecurity? The run to banks and withdraw deposits.

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