THE NEWS: Depositors unnerved by political instability and talk of a potential exit from the euro are continuing to pull out their savings from local lenders, Greek banking officials say, but not at a rate that would destabilize the battered banking sector.
RISING PACE: Outflows spiked just after the inconclusive May 6 election, and have picked up in recent days ahead of Sunday’s new vote, according to one official.
LOOKING AHEAD: Much hinges on the election, which is expected to be a close race between the pro-bailout conservatives and a radical left party vowing to scrap Greece’s commitments to rescue loan creditors for further austerity and economic reforms.
