Relevant:
- Greek Depositors Withdrew $898 Million From Banks Monday
- Three Greek banks tap two billion euros in emergency funding: sources
- As Greek Banks Run Out Of Safe Deposit Boxes, An Eerie Calm Takes Over The Country 24 Hours Before 'D-Day'
- ECB approves 60 bn euros in emergency funds for Greek banks
- Greek Bank Losses Show Predicament Amid Record Outflows
2012-06-13 — zerohedge.com
Yesterday, we did an update of the Greek bank jog, when noting that between €100-€500 million per day was being withdrawn from Greek banks based on Kathimerini reports. 24 hours later the jog has become a trot with the most recent estimate from Reuters now estimated at nearly double: "Combined daily deposit outflows from the major Greek banks have reached 500-800 million euros over the past few days, with the pace picking up as the election draws closer and rising noticeably on Tuesday, two bankers said." This is roughly $1 billion a day in the upper case, and a number that is approaching 0.5% of the entire documented €170 billion (now likely much less) deposit base.
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