Tags
bank insolvencies, Bank run, Credit crisis, deposit flight, Euro crisis, soverign debt, Spanish bank run
First Greece, and now Spain are seeing, if not outright runs then brisk joggings on the banks. My thanks to Mr Reinbold for the above screen grab, showing how a very British bank run might be conducted in the electronic age.
Copyright David Macadam 2012
an orderly que???
Oh, to be a fly on the wall at De La Rue, the banknote printer. Do you think they have designs for a new Greek currency stashed away, “Just in case” Not that they would admit to it, because that would turn the possibility of default into a certainty. But what else are they going to use for money – unless you start overprinting Greek Euros.- but surely not, that was only a scare story in the Daily Mail
Ah Uberdruken das Geld? Dass bringt mich zuruck. Solche Zeiten
more noise on the bank run ….
http://race42012.com/2012/05/23/a-run-on-the-banks/
Yes I would agree that Greece leaving the Eurozone would not mean the end of the Euro. It might however mean the end of a number of over indulgent and greed ridden banks! Which would not be a bad thing itself. Indeed some commentators suggest that the reluctance of the Eurozone political classes to let Greece go is because she might do rather well, as Argentina did when it unlocked from the dollar.
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