Thursday, March 19, 2015

Greek banks recorded the highest number of flight of deposits – Televisa News

MEXICO CITY, Mexico, Tues. 19-2015.- Greek banks recorded an outflow of deposits of about 300 million euros, the highest in a single day from a February deal with the euro zone avoided a banking collapse, said two Greek bankers familiar with the topic.

Greek banks have seen a steady outflow of deposits from the local system since December, when increased political tensions that led to fears of a new financial crisis and the threat of Greece leaving the eurozone .

Fears decreased after the agreement of February 20 to extend the bailout of Greece, but have increased in recent days to the extent that worsen relations between Athens and its creditors eurozone which have frozen the remaining aid to the country, which is on the verge of running out of money.

Greek bank shares have lost about 45 percent so far this year.

“The uncertainty about the lack of progress in negotiations and negative news flow has affected confidence,” said a banker.

“It’s not a huge amount, but the concern is whether this is the start of a trend that could worsen, “he said.

The Greek Prime Minister Alexis Tsipras will meet Thursday with senior European leaders, including the head of the European Central Bank, Mario Draghi, and the Chancellor Germany, Angela Merkel, on the sidelines of an EU summit in Brussels, hoping to advance the talks.

A stalemate in the talks between the two sides has increased fears of output euro or capital controls in recent days.

“Under the current climate, with concerns of accidental exit of Greece, it is unlikely that savers return money to the banking system in the short term,” said another banker.

“The outputs may it continue after this weekend,” he predicted.

LLC

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