Mish — Capital Flight From Greece Accelerates, €5bn in May, Exodus Even Hits Time Deposits

Capital flight from Greece continues, €5bn in May, not counting orders to buy foreign bonds. The exodus now includes cashing out time deposits as reported by the Financial Times in Greek banks see steady deposits outflow.

Read it at Mish's Global Economic Trends Analysis
Capital Flight From Greece Accelerates, €5bn in May, Exodus Even Hits Time Deposits; Fed, ECB, BOE, BOJ Balance Sheet Comparison

by Michael "Mish" Shedlock