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Withdrawals from banks stop short of panic

Greek depositors pulled an estimated €1.2bn from their bank accounts on Monday and Tuesday, according to Athens-based bankers but senior eurozone and Greek banking officials insisted there was no full-scale run on financial institutions.

The Greek banking system could prove the weakest link in the country’s efforts to stabilise its finances until a government can be formed after new elections on June 17.

Any signs of depositor panic could force eurozone leaders to make critical bailout decisions without a Greek government in place.

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