Country Greece Running

: Deposits have been flowing out of Greece banks as domestic savers fear the imminent imposition of capital controls, according to The Independent. That has forced the country lenders to rely on ever more emergency liquidity funding from the European Central Bank. Read more:Tsipras slams EU demands as 'unreasonable'Debt crisis kills businesses across the country Greece running out of time to agree aid deal Some analysts pointed to the rising risk of a political explosion in Greece as creditors seek to force Alexis Tsipras radical Syriza government to break some of its manifesto commitments in exchange for €7.2bn in bailout funds. "We think a compromise on policies by the Greek government could trigger a political crisis that could accelerate deposit outflow and result in the imposition of administrative controls on Greek banks," said analysts at Barclays. Business news in pictures Yesterday the IMF revealed that Greece has asked late in the day to exercise an obscure clause which allows debtors to bundle repayments due to the Fund over a month to the end of the month, despite previous assurances from senior Greek ministers that today €300m payment would be made. Greece must now pay €1.6bn on 30 June or be in technical default – something that could see its banks unable to borrow any longer from the ECB. There are growing signs that Athens will be unable to make the payments unless it receives the bailout funds from its creditors. The last government to exercise this right was Zambia in the 1980s. (news.financializer.com). As reported in the news.