A report from Reuters: Greek banks see deposit outflows before vote but no alarm yet
They quote a senior central bank official:
“There is no red alert that money is fleeing abroad. There were increased withdrawals to pay tax bills but money leaving household accounts flows into government accounts, staying in the system”
Full report from Reuters is at the link (above).
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If you were one of the traders that believed the soothing words from the Swiss National Bank on their ‘utmost’ determination to defend the cap, you may be forgiven for taking these comments with a grain of salt or two. Talk is cheap, no?
