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The balance sheet of Greece's banks and recapitalization needs in Juy 2015- 139 billion euros in deposits, 2 billion euros in cash, and 116 billion euros in ECB central bank aid

07/04/2015

In the Cyprus crisis overhaul of the banks required depositors with over $100,000 in bank accounts to take a 50% haircut. Deposits less than $100,000 were safe. Greek banks will need ECB funding or European creditors to recapitalize the banks before banks can open because cash at banks is dropping below 1 billion euros just before the referendum of July 5, 2015.

Grouped Articles

The Wall Street Journal

Wall Street Journal 07.04.2015

Collapse of Greek Bailout Deal Brings Surprise Boost to German Coffers

Wall Street Journal 07.04.2015

IMF Warns Eurozone That Greece Needs Far More Debt Relief

Wall Street Journal 07.15.2015


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