Greek bank runs start again….$3.2 billion withdrawn since the start of the year
With capital controls already in place Greece has managed to create another bank run. According to DW $3.2 Billion has been withdrawn since the first of they year.
Greek citizens had withdrawn close to 3 billion euros ($3.2 billion) since the beginning of the year, the Union of Greek Banks reported Friday.
The English-language news blog “keeptalkinggreece” spoke of a new bank run limited only by the capital controls currently in place. It noted that delays in the talks between Greece and its lenders had brought back the ghost of Grexit,” referring to the southern European nation’s possible exit from the eurozone.
The website said 2.5 billion euros had been withdrawn from private bank accounts over the past 45 days alone, “and this despite capital controls that allow Greeks to withdraw a maximum of just 1,800 euros per month.