: Athens benchmark share index fell 1.4%, having been down almost 2%. The pan-European FTSEurofirst 300 index was also down more than 1%. The deteriorating state of Greece financial system was confirmed in new data showing that savers continue to pull their money out of the country banks, according to The Guardian. Separate figures confirmed the economy shrank in the opening months of this year, leaving Greece back in recession. Following a warning on Thursday from Christine Lagarde, head of the International Monetary Fund, that Greece could potentially leave the euro, investors remained sceptical of a debt deal this weekend. Related:Christine Lagarde strong stance reveals weakness of Greek position Against the backdrop of rising political uncertainty and fraught debt talks with Athens international creditors, Greeks took €5.6bn out of their accounts last month. Deposits at Greek banks fell to €139.4bn in April from €145bn in March, to stand at their lowest level since 2009, ECB data showed. The European Central Bank confirmed further deposit losses for Greek banks, where customers have withdrawn money to keep it at home or move overseas.
(news.financializer.com). As
reported in the news.
Tagged under , topics.