Vital for money to flow back to Greek banks
JPMorgan estimates deposit outflows jumped last week to 3b euros, making total since Jan 1 a whopping 25b euros
London
MONEY needs to flow back to Greek banks if initial optimism about Greece's compromise with its creditors is to be justified.
To be sure, the outflow from Greek banks had reached crisis proportions prior to the agreement and was a major factor in Greek Premier Alexis Tsipras's decision to climb down on original demands for debt forgiveness.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer
Blinken meets Chinese counterpart Wang Yi in Beijing
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month