tutor2u | Greek bank deposits fall to 10 year low

In the News

Greek bank deposits fall to 10 year low

Geoff Riley

30th May 2015

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.

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

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