Key Charts - Size and Structure
Deposits, Confidence Seep Out of Greek Banks
- Since the end of 2014, Greek households and businesses have withdrawn €30 billion (US$33 billion) in deposits from Greece’s banking system.
- At the end of 2014, private deposits stood at €160 billion, but by May, deposits had fallen below €130 billion. This is the banking system’s lowest level of deposits since the summer of 2004.
- Even after these interventions, as the chart above shows, the Greek debt-to-GDP ratio remains the highest in Europe at 177 percent, ahead of other crisis-hit countries like Italy and Ireland.
Sources: Eurostat, Federal Reserve Bank of St. Louis, Bank of Greece, Milken Institute.Note: The chart includes data for Greece only from 2010, because there is no reliable data before that period.