The Phaserl


With Greece “Nowhere Close” To Deal, Depositors Pull €300 Million From Banks In Single Day

from Zero Hedge:

Greece is “nowhere close” to a deal with its creditors and will miss a May deadline to strike a compromise ahead of an IMF payment due on June 5. Meanwhile, the ECB tightens the screws on the country’s banking sector by refusing to lift the ceiling on the emergency liquidity that until now has helped to offset deposit flight.

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