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Wednesday, May 16, 2012

''Greek euro exit looms closer as banks crumble''

From The Telegraph

''Economists warned that the Greek financial system could crumble within weeks or days unless the European Central Bank steps up support.

President Karolos Papoulias told party leaders that banks had lost €700m in withdrawals on Monday alone as citizens rush to pre-empt capital controls and a much-feared return to the Drachma.''

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