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Greek Bank Deposits Fall to Eleven-Year Low

The plunge in Greek bank deposits continued to the end of May

Greece's bank deposits hit an 11-year low in May.

Official data from the Bank of Greece today showed deposits fell €3.8 billion to €129.9 billion at the end of last month, marking a 21 percent plunge since November. That was just before then-Prime Minister Antonis Samaras brought forward a vote for a new president that led to his government's downfall.