As Greece lurches from one crisis deadline to another to try to save its beleaguered economy and banking system, cash continues to flee the country.
European leaders in Brussels reportedly reached a third bailout deal for Greece on Monday morning, after more than 17 hours of talks on the thorny subject of reforms and more financial aid for the near-bankrupt country.
But as talks have dragged on, Greek households and companies have been siphoning money out of the banking system at an accelerated date. This year, in the five months ended in May (the latest data available) some households, companies and other depositors drained some 37 billion euro from the Greek banking system—or about 18 percent of the total.
That's left Greek banks starved for cash. Eurogroup of finance ministers estimated they'll need as much as 25 billion euros of fresh capital to keep them from going under, Reuters reported Monday.