2011-12-17guardian.co.uk

``An unprecedented exodus of capital from Greece -- peaking in a record number of withdrawals from banks in recent months -- has exacerbated the liquidity crisis now wracking the recession-hit country. The latest figures released by the Bank of Greece reveal that in September and October alone investors pulled €12.3bn (£10.3bn) from domestic banks, spurred by fears of political uncertainty and economic collapse... The extraordinary figures back up anecdotal evidence that it is not just the super-rich behind the flight of funds... An estimated €40bn, amounting to 17% of the country's gross domestic product, is believed to have been withdrawn from the banking system over the past year.''


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