Greek Bank Deposits Plunge to 10-Year Low

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Greek bank deposits plunged to their lowest level in 10 years in February as a political standoff between the government in Athens and the country’s creditors raised the prospect of a possible euro exit.

The deposits of households and businesses fell 5 percent in February to 140.5 billion euros ($154 billion), their lowest level since March 2005, according to Bank of Greece data released on Thursday. Greeks have pulled about 23.8 billion euros from banking system in the past three months, 15 percent of the total deposit base.