Greek banks seek bail-out to counter £8.8bn deposits
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Greece’s four biggest banks are seeking state aid after savers took £8.8bn worth of deposits out of the financial system.
According to the Financial Times, in the first two months of the year, local savers moved deposits out of Greek banks to the value of about 4.5 per cent of the total banking system.
Finance Minister George Papaconstantinou said yesterday the banks - National Bank of Greece, EFG Eurobank, Alpha Bank and Piraeus Bank - had asked for access to the remaining funds of a £24bn support plan.
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