Greek Bank Run Leads To Biggest Monthly Cash Drain In History: January Deposits Plunge To 2005 Levels

by Tyler Durden
ZeroHedge.com
02/26/2015

Moments ago the Bank of Greece presented its latest, January, deposit data. And it’s a doozy: following a record €12.2 billion monthly outflow, greater in absolute and relative terms than anything experienced during any of the previous Greek crises and bailouts, the total amount of Greek corporate and household deposits has now tumbled to just €148 billion. This number is in line with some of the more pessimistic expectations, and brings the total cash holdings at Greek banks to the lowest level since August 2005.

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This entry was posted on Thursday, February 26th, 2015 at 11:20 am and is filed under Civil Unrest, Economics, New World Order, World Politics. You can follow any responses to this entry through the RSS 2.0 feed.