Greek Bank Deposits Outflow Worsened in April Amid Standoff
What You Need to Know About G-7 Greece Bailout Talks
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Deposit withdrawals from Greek lenders gathered pace in April as a standoff between the anti-austerity coalition and its creditors renewed doubts about the country’s future in the euro area.
Deposits by households and businesses fell to 133.7 billion euros ($147 billion) from 138.6 billion euros in March, a 3.6 percent drop, the Bank of Greece said on Friday. That brings total outflows since the start of the election campaign that catapulted the anti-bailout Syriza party to power to 31 billion euros, or 19 percent of deposits.