Run on Greek Banks Accelerates; ECB Halts Emergency Funding Hike; Untangling the Lies

CNBC reports Greek Bank Outflows Accelerate, Reached 5 Billion Euros in April . Greek banks have seen deposit outflows accelerate over the past week as fears rise that the euro zone country will default on debt, two banking sources said on Wednesday. The spike follows a steady outflow of money from Greek lenders this year as Athens and its creditors struggle to agree an aid-for-reforms deal before Greece runs out of money

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Run on Greek Banks Accelerates; ECB Halts Emergency Funding Hike; Untangling the Lies