Stock markets unsettled by Greek debt deal uncertainty and cash exodus

As talks between Greece and its creditors continue in Brussels on Friday, ECB confirms that savers pulled a5.6bn out of their accounts last month

European shares fell on Friday after Greek bank deposits slumped to a decade low, raising fears that the country is heading towards a disorderly exit from the eurozone.

Following a warning on Thursday from Christine Lagarde, head of the International Monetary Fund, that Greece could potentially leave the euro, investors remained sceptical of a debt deal this weekend. Athens's benchmark share index fell 1.4%, having been down almost 2%. The pan-European FTSEurofirst 300 index was also down more than 1%.

Related: Christine Lagarde's strong stance reveals weakness of Greek position

European markets continued to feel the ongoing effects of the situation in Greece, with fresh fears that the country will be unable to make yet another repayment due to the IMF. The Greek government has still not made it clear how it intends to make the a1.6bn repayment, the first tranche of which falls due next Friday.