Focus on Greek bank deposit withdrawals as country hopes to avoid lockdown of financial system

February 20, 2015 2:00 PM

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NICOSIA, Cyprus – The longer it takes to secure a deal to keep Greece in the euro, the greater the risk the country will have to put its financial system in lockdown to prevent worried savers from pulling money out in droves.

Banking industry figures suggest Greeks have been taking money out ahead of the country's emergency talks with creditors on Friday. If that trend picks up, the banks could become so weak that the government decides to impose capital controls — limits on what people can transfer out of the country or...

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