“The banks had gone through a difficult period and lost deposits, but after the elections bank deposits returned at a satisfactory pace,» said George Provopoulos, governor of the Bank of Greece told the country’s president, Karolos Papoulias, in remarks made before journalists.
He called on Greece’s new government to act «courageously» to push through privatizations. [Reuters]
- BoG head: Greeks returning deposits to banks (cnsnews.com)
- Plug-pulling in Athens (ftalphaville.ft.com)
- A Run On Greek Banks? (ritholtz.com)
- Greek Bank Deposit Outflows Said to Have Risen Before Elections – Bloomberg (bloomberg.com)