In the News
Greek bank deposits fall to 10 year low
The news that deposits in Greek banks have fallen to a ten year low is a reflection that savers are getting increasingly nervous about a Greek exit from the Euro. Deposits are the life blood of the banking system. Banks need deposits as a key source of liquidity which allows them to lend out to other people and businesses. But the amount of money being held in Greek banks stood at €139.4bn (£100bn) in April 2015, a 3.9% decline on the previous month, according to the European Central Bank.
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