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
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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.
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