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

Jon Alternative Media, Blogosphere, Economy

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 KeepTalkingGreece.com notes, what do citizens do when they feel political and economical insecurity? The run to banks and withdraw deposits.
2.5 billion euros left Greek banks in the last 45 days.
And this despite the capital controls that allow Greeks to withdraw a maximum of just 1,800 euro per month.

This post was published at Zero Hedge on Feb 16, 2017.