Game Over For Greek Banks: Depositors Yank €2 Billion In Past Three Days

• Game Over For Greek Banks: Depositors Yank €2 Billion In Past Three Days
  by Tyler Durden, www.zerohedge.com  
  At this point, regardless of whether Greece miraculously cobbles a last minute deal together and gets just enough funds to pay back the near-term debt maturities (long-term can be found here):

• … to the IMF, it is too late to save the Greek bank system.
  The key reason, as Reuters just updated, is that the Greek bank run which we have been closely tracking in recent months, just saw its biggest 3 days surge perhaps in history, when Greek depositors yanked over €2 billion from local banks, an amount which means the latest ELA boost has already been depleted, and amounts to about 1.5% of total Greek deposits.
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  In context this would be equivalent to about $150 billion in deposit outflows from US banks in half a week, or about 10% of the total amount of currency in circulation.
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  Per Reuters, “Greek banks have seen deposit outflows surge to about 2 billion euros over the past three days, with the pace of daily outflows tripling since the collapse of talks at the weekend with creditors, three banking sources told Reuters on Thursday.
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  read more.

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