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Bank deposit outflows cloud Greek economy

Savers' distrust hampers bank credit, may derail govt goal of lifting capital controls by June-end
Monday, January 4, 2016 - 05:50
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Data released from Greece's central bank last week showed that deposit outflows continued in November for a second consecutive month, even as the nation's lenders plugged their capital shortfalls, and strict capital controls put in place last summer capped withdrawals and money transfers abroad.

Athens

AS Greek Prime Minister Alexis Tsipras braces for another round of tough negotiations with creditors, savers are still reluctant to bet their money that this year's talks will be less perilous for their country's place in the euro area than 2015.

Data released from Greece's