Economics
Greek Deposit Outflows Said to Slow to 3 Billion Euros
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European Central Bank policy makers will consider extending their lifeline to Greek banks on Wednesday after the country’s lenders lost deposits for a sixth month.
The ECB’s Governing Council is holding its weekly review of their Emergency Liquidity Assistance, the funds keeping Greece afloat, according to two people familiar with the matter who asked not to be named because the talks are private. Net withdrawals slowed to 3 billion euros ($3.2 billion) in March, bringing outflows since October to almost 28 billion euros, according to two other officials.