Bloomberg News

Greek Election Triggers Outflow of Deposits, Phileleftheros Says

May 10, 2012

Concern over whether Greece will keep the euro after the May 6 election caused an outflow of deposits to Cyprus, Phileleftheros reported, without saying how it obtained the information.

Depositors are seeking Cypriot banks and subsidiaries of Greek banks on the island, the newspaper said.

-- Editor: Alan Purkiss

To contact the reporter on this story: Stelios Orphanides in Nicosia at

sorphanides@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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