Today: Greek crisis refuses to go away

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Aug 23, 2010

Greek crisis refuses to go away

Greek economy shrinks, jobless rate jumps
A shopper walks by a shop offering discounts of up to 70pc due to the economic crisis   Photo: EPA
A report by HSBC said banks had lost 8pc of their entire deposit base in the five months to May. "The Greek market has never, since the first data in 2001, experienced such attrition," said banking analyst Joanna Telioudi.
While some withdrawals point to capital flight by wealthy Greeks, it is clear that households and. . . .

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