Drop in domestic deposits Greek Banks

Greek Banks’ Cash Buffers Badly Strained: Goldman Sachs

Amidst media reports speculating that Greek banks could exhaust their residual cash buffers in the next few days, Goldman Sachs anticipates the banks’ cash buffers could come under strain at any point.

Pawal Dziedzic and team at Goldman Sachs published a report titled: “ECB decisions post “no voteunlikely to bring liquidity relief” on Monday following the “no” vote in the Greek referendum.
Greek banks’ cash buffers draining
The Goldman Sachs analysts point out that the Greek banks are currently funding deposit outflows with their . . .

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