Wednesday, April 10, 2013

Cyprus Deposits may affect Greek Banks

Deposits keep trickling back to Greece amid Cyprus woes

Fox Business - ‎1 hour ago‎
Bank of Greece Governor George Provopoulos also followed other Greek government officials in insisting that all deposits were safe, in a bid to allay fears of austerity-hit Greeks that their savings could be at risk after a raid on Cyprus depositors as ...
Greece, Slovenia Could See Cyprus Style Deposit Haircuts - by Marie Cabural
All deposits in Greece 'fully protected'

I cannot quote this article here so if you want to read it please click on word button: "Deposits keep----" above.

For now, things look like they are under control, but logically if there is to be a problem related to Cyprus banks the way it would affect mainland Europe first is through Greek banks, then Italian ones and then the weakest banks in surrounding countries.

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