Greek banks continue to bleed deposits, says ECB

Firms and consumers continued to pull their money out of Greek banks at a rapid rate in February, European Central Bank data showed on Wednesday, underscoring the ongoing lack of trust the country's banking system faces.
Private sector deposits in Greek banks fell by 2.7% in February after a near 3% drop in January, with the total falling to 170.1 bln euros, the lowest level since October 2006.
They are now 30% below their peak of December 2009.
Private-sector deposits in Portugal and other countries in the middle of the debt crisis fared much better, with the figures roughly flat in Portugal and Spain, dropping less than 1% in Ireland and rising more than 1% in Italy.
With the exception of Portugal, there has been a steady decline in the amount of money parked in banks in all peripheral countries in the last year.
Monthly fluctuations in the figures are common, though sharp consecutive drops in countries with stable banking systems are unusual.
The data, which are for all currencies combined, are not seasonally adjusted and differ slightly from national central bank figures. The measure excludes deposits from central government and financial institutions.