Bloomberg News

Greek Banks’ Outflows 2 Billion Euros in Early May, To Vima Says

May 27, 2012

Withdrawals from Greek banks reached 2 billion euros ($2.5 billion) in the period from May 1 to May 9, immediately before and after May 6 elections, To Vima said, citing a letter from Lucas Papademos, who was prime minister at the time, to President Karolos Papoulias.

The withdrawals were prompted by economic uncertainty and concern over a possible exit of Greece from the euro area, the Athens-based newspaper said today, citing the letter.

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To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net


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