Capital flight squeezes Greek banks

Author (Person)
Series Title
Series Details 8.4.10
Publication Date 08/04/2010
Content Type

Article reports that Greeceā€™s four largest banks - National Bank of Greece, EFG Eurobank, Alpha Bank and Piraeus Bank - are seeking government support, April 2010, to help counter a liquidity squeeze resulting from a significant flight of deposits in the first two months of 2010.

Related Links
ESO: Background information: Rescue fears trigger Greek bond sell-off http://www.europeansources.info/record/rescue-fears-trigger-greek-bond-sell-off/
BBC News, 7.4.10: Greek financial troubles mount as IMF arrives http://news.bbc.co.uk/1/hi/business/8607213.stm

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