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Bank withdrawals accelerated and government revenue slumped as Greece defied its international creditors Thursday, escalating a debt crisis that may reach a climax at a European Union summit next week.The IMF meanwhile dashed any hope that Greece could avert default if it fails to repay a 1.6 billion euro ($1.8 billion) loan by the end of June, piling pressure on Prime Minister Alexis Tsipras, who showed no sign of yielding to the lenders.The 2 billion euros taken out in just three days represents about 1.5 percent of total household and corporate deposits of 133.6 billion euros held by Greek banks as of end-April.Before this week, withdrawals had been running at 200 million-300 million euros a day.A combination of a default and capital controls could set Greece on a path out of the eurozone and even the EU itself, the Greek central bank warned this week.A narrow majority of Germans are now in favor of Greece leaving the euro area.
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