Jun 12

One Week After “Massive” Outflow, Greek Depositors Yank Another €600 Million From Local Banks (ZeroHedge, June 12, 2015):

Today, following yet another diplomatic snafu when yesterday the IMF announced unexpectedly that it had cut off negotiations on with an intransigent Greek delegation, which hardly restored depositor confidence in their local banks (hit by the double whammy of yet another S&P downgrade) Greek media newsit.gr reports that the relentless bank run once again surged and that as of 3:30 pm, another €600 million or more were withdrawn from local banks by locals “who fear that something might happen over the weekend.”

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