The Eurozone is leaking cash as the confidence in the system is evaporating

And what’s going on right now? According to the recently disclosed data from the European Central Bank, the total amount of deposits decreased for the first time in 15 months, in March. The ECB hasn’t disclosed any more recent data but we dare to bet the total value of the deposits on the accounts will continue to decrease in April and May as the health of the financial system has once again been undermined. Combine the increased uncertainty with the ultra-low interest rates, and there’s no reason why anyone would like to keep the cash on the bank, risking a bail-in.

The Eurozone is leaking cash as the confidence in the system is evaporating

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