Great Graphic: Capital Flight from Greece Continues

Here is a Great Graphic from Zero Hedge. It depicts the ongoing withdrawal of corporate and household deposits from the Greek banking system.  

There has been no reprieve since the second Greek elections and if anything the pace of capital flight has increased.  Bank recapitalization also seems not to have mattered.  

While ECB President Draghi has asserted that the EMU is irreversible, there are many officials who continue to suggest that the current membership may not be.  The mere talk of a Greek exit by officials raises the re-denomination risk and further encourages flight by depositors and investors.