Greek deposit withdrawal accounts for € 700 million

Note: This section contains information in English only.
Source: The Wall Street Journal
On Monday depositors withdrew  € 700 million from the Greek banks, making them heavily dependent on the European Central Bank as the banks seek to meet their funding needs. Total borrowed sum from the European Central Bank accounts for around a half of Greece's GDP. For the past two years deposit withdrawals have made up from € 2 to € 3 billion a month. 
Back to articles

Actual Topics

Wed, 16 May 2012 07:47:26 GMT

EU agreed on more rigorous banks rules

The EU agreed on more rigorous bank rules in an attempt to reduce the risk of financial distress and a need for more bailouts. All EU nations agreed that banks should have more top-quality capital in view of growing uncertainty over the economic state of the region. The rules are expected to become effective in June.

Wed, 16 May 2012 05:20:25 GMT

Fed may consider to provide more stimulus

Following inflation report published on Tuesday, the Federal Reserve may consider to provide more stimulus to spur the US economic growth. Headline inflation remained unchanged, bringing annual inflation rate at 2.3%, down by 0.4 % a month earlier. One of the main reasons for the inflation decline is decreasing gasoline prices. 

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.