Monday, June 27, 2011

MOODY'S ON GREEK BANKS

MOODY'S SAYS CONTINUED DEPOSIT OUTFLOWS ARE "KEY CREDIT  NEGATIVE" FOR GREEK BANKS
ESTIMATES PRIVATE-SECTOR CUSTOMER DEPOSIT OUTFLOWS FROM  GREEK BANKS AT 8 PCT SO FAR THIS YEAR
OUTFLOWS FROM GREEK BANKS ACCELERATED IN MAY, JUNE  ON UNCERTAINTY REGARDING GREECE'S FUNDING
GREEK BANKS WOULD HAVE "SEVERE SHORTAGE" OF CASH IF DEPOSITS FALL BY MORE THAN  35 PCT.

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