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Threat of bank run in Greece increases ahead of elections;
YouGov poll: 69% of Germans think Greece should leave the euro
Ahead of Sunday’s election, withdrawals from Greek banks look to be accelerating, with banking sources estimating that between €600m and €900m has been leaving the Greek banking system per day, according to the WSJ.
Meanwhile, New Democracy leader Antonis Samaras supported the possible creation of a national unity government, which would seek some renegotiation of the bailout agreement. The FT reports that European officials have played down the scope for adjusting the current programme. However, Die Zeitreports that the Bundestag may debate granting Greece a third bailout package amounting to a “double-digit billion euro” figure as early as this summer, on the pre-condition that the government elected in Sunday’s elections is committed to further reforms. Stefanos Manos, leader of the small Drasi party, has said that Syriza will back down from its pledged to scrap the current bailout package as it is the only way it can maintain the salaries of civil servants, according to Kathimerini.
Crédit Agricole is reportedly preparing for a Greek exit from the euro by putting plans in place to sell off or wind down its Greek subsidiary Emporiki. Separately, La Tribune reports that a new YouGov poll shows that 69% of Germans think Greece should leave the euro. The poll also shows that 29% of respondents would vote for a return to the D-mark in a referendum on euro membership.