Chart: Greece’s slow motion bank run, a.k.a. bank jog
21 May, 2012, 15:58. Posted by Zarathustra
Tags: Euro Crisis
The chart below shows that the outstanding deposits in Greek banks have been going through a long march to the south.
Source: European Central Bank
Curiously, there was an uptick for March 2012. However, it could probably be premature to think that it’s ending, because there are signs that the slow-motion bank run, or bank jog, is continuing.
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About Zarathustra
Zarathustra: Founder and Managing Editor of Also sprach Analyst. Once an analyst, now an investor and entrepreneur. Based in Hong Kong, but Londoner at heart.