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Greece sets new election date

Greek political leaders are meeting today to form a caretaker Government to take the country through to a June 17 election - the second in just over a month. The talks come as hundreds of millions of Euros are withdrawn from Greek banks.

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Greek depositors withdraw €700 million from banks on Monday

Greek depositors withdrew €700 million (£557 million) from banks on Monday, according to the country's president.

Greek banks have seen a steady decline in deposits since the country's debt crisis began in 2009, as depositors have withdrawn cash and transferred funds to overseas banks.

In the past two years, deposit outflows have averaged between €2 billion and €3 billion per month, though in January they topped the €5 billion mark.

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