From Afi analysts in Madrid, an investor note came Monday with the picture of that much talked about capital flight from the euro peripheral banking systems in the form of non-financial private sector bank deposits. The variation this year, although somewhat noticeable, has not accelerated and volumes remain above 2010 levels in Portugal, Spain and Italy. Greece, on the other hand, shows a seemingly non-stoppable drop since 2009. All in all, Afi experts remarked,
“The contagion of flight of bank deposits that is taking place Greece to other countries is a potential pressure on the euro. If the stress situation is not stabilised, the region’s banks could be further weakened.”
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