Professor Carmen Reinhart Analyzes Greek Financial Crisis in Congressional Testimony
A very conservative estimate would indicate that deposits have fallen by around 45 percent since their peak in 2009.
.. Whether investors become indiscriminate and pull out of other European periphery countries in the event of a Greek default still remains a risk. The likelihood of such a scenario, however, is mitigated by the fact that a significant share of sovereign periphery debt (particularly Portugal and Ireland) is also in official hands, that these countries have been recovering much more rapidly than Greece, and that in such an event periphery Europe would receive support from the center and from the IMF.