Greece’s liabilities to the euro zone’s bank payment system climbed in July to highs not seen since 2012, as fears that the SYRIZA-led country would exit the euro zone emptied bank vaults, figures announced by the European Central Bank showed on Monday.
According to the reports, the semi-autonomous Bank of Greece posted net liabilities of 106.13 billion euros towards the ECB at the end of July, data from the Target 2 payment system, published for the first time on Monday, showed.
Reuters said payments by Greek banks to institutions in other euro zone countries exceeded flows in the opposite directions by 106.13 billion euros.
Greece’s net liabilities hit 107.70 billion euros, their highest level since late 2012, at the end of June, when the Tsipras government imposed painful capital controls.