realized since last summer.
Greek depositors were feeling increasingly confi-
dent, choosing to place their savings back in
Greece.
As a result, credit institutions needed less and
less money from the mechanisms of the
European Central Bank, thus reducing their
dependence from Frankfurt.
F
or more than three months now, Greek
systemic banks have been caught in the
maelstrom of political developments in
Greece and the Euro zone.
The great goal of the previous year, which was
nothing less than restoring liquidity, among others
through the return of deposits to the country’s
banking system, had tentatively started being
Trade with Greece
60
Banks:
In the maelstrom of
political developments
The role and divinations of “Super Mario”,
the conditions of asphyxiation in the market
and Athens’ limits in the negotiations.
By Nectarios Notis
