Greece Commercial Banking Report Q3 2012 - New Market Research Report
BMI View: The foundations of the Greek banking sector are crumbling as corporate and retail depositors continue to withdraw funds on mass and rush for the exits. Only the supply of cheap and easily accessible funds from the European Central Bank have kept the Greek system afloat. We still expect Greece to remain inside the eurozone, with the banking system likely to contract further alongside the economic depression before returning to positive albeit anaemic growth over the medium term. Without...
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