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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
The Wall Street Journal reports IMF Works With Greece’s Neighbors to Contain Default Risks . The International Monetary Fund is working with national authorities in southeastern Europe on contingency plans for a Greek default, a senior fund official said—a rare public admission that regulators are preparing for the potential failure to agree on continued aid for Athens. Greek banks are big players in some of its neighbors’ financial systems.
Bloomberg reports Greek Banks Request Emergency Liquidity as Outflows Grow . Two Greek lenders asked to borrow from the nation’s central bank emergency line as deposit outflows already exceed 4 billion euros ($4.6 billion) this month
More: Another Run on Greek Banks Begins; Get Out While You Still Can; Buy Gold
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9-to-5 Google reports Google-owned Boston Dynamics debuts new video of Atlas robot mimicking ‘The Karate Kid’ . Google-owned robotics lab Boston Dynanics has debuted new video of its 6’2″ Atlas robot, also known as “Ian.†The hulking mass of metal, which weighs a whopping 330 lbs, has been programmed to recreate a key scene from the 1984 film The Karate Kid
Ukraine Truce Ends Already;100 Dead, Kiev is Burning; Civil Uprising or Civil War? Posted by Michael Shedlock at 1:51 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice.