€7 billion transferred out of Greek banks since elections were announced

Another 3 billion is expected to be transferred until the day of elections (January 25th)

According to banking sources, the pressure applied on the banking system and society in the beginning of last week had transformed into a daily outflow of 400-500 million euro from banks, per day. The pace of this phenomenon has been rapidly growing since Friday, to the point where deposit transfers reach more than 700 million euro per day.

 

Bankers estimate that since the moment when political instability began, around 7 billion euro has been transferred away from Greek banks. If this pace continues, then another 3 billion will be transferred out of the Hellenic banking system by the time of the elections on the 25th of January.