{"id":5861,"date":"2015-02-20T06:33:57","date_gmt":"2015-02-20T11:33:57","guid":{"rendered":"http:\/\/olduvai.ca\/?p=5861"},"modified":"2015-02-20T06:33:57","modified_gmt":"2015-02-20T11:33:57","slug":"greek-deposit-run-accelerates-ahead-of-mondays-bank-holiday","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=5861","title":{"rendered":"Greek Deposit Run Accelerates Ahead Of Monday’s Bank Holiday"},"content":{"rendered":"

Greek Deposit Run Accelerates Ahead Of Monday’s Bank Holiday<\/a><\/h3>\n

Official Greek deposit data began tumbling in December (outflows around EUR3bn),\u00a0and accelerated in January in the run up to the Syriza election (proxied by JPMorgan at over EUR 12bn)<\/a>. During the last two weeks, however, the absence of ATM lines and visible bank runs has been curiously lacking as, at least on the surface, there appears to be no panic. However,as Dody Tsiantar reports<\/a>,\u00a0sources in the Greek banking sector have told Greek newspapers that as much as EUR 25bn euros have left Greek banks since the end of December with outflows surging this week<\/strong>. Perhaps they are getting anxious that authorities will take Cypriot advantage of the\u00a0Bank Holiday that is planned in Greece on Monday<\/strong>.<\/p>\n

\"\"<\/a><\/p>\n

As Dody Tsintar reports (via CNBC),<\/em><\/a><\/p>\n

\n
In the midst of the dramatic showdown in Brussels between the new Greek government and its European creditors, many Greek depositors\u2014spooked by the prospect of a Greek default or, worse, an exit from the euro zone and a possible return to the drachma\u2014have been pulling euros out of the nation’s banks in record amounts over the last few days.<\/div>\n<\/blockquote>\n

 <\/p>\n

…click on the above link to read the rest of the article…<\/p>\n","protected":false},"excerpt":{"rendered":"

Greek Deposit Run Accelerates Ahead Of Monday’s Bank Holiday Official Greek deposit data began tumbling in December (outflows around EUR3bn),\u00a0and accelerated in January in the run up to the Syriza election (proxied by JPMorgan at over EUR 12bn). During the last two weeks, however, the absence of ATM lines and visible bank runs has been […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[2461,63,124,281,284,1167],"class_list":["post-5861","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bank-runs","tag-banks","tag-central-banks","tag-europe","tag-european-union","tag-greece"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5861"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5861\/revisions"}],"predecessor-version":[{"id":5862,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5861\/revisions\/5862"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}