Bank Run In Europe?


Euro Crisis: Run On Nationalised Spanish Bank Sees Customers Withdraw €1BILLION... As French Government Slashes Its Own Pay By 30% -- Daily Mail

* Shares in Bankia, Spain's fourth largest bank, fall 27% after media reports
* Greece forms government, but will dissolve it tomorrow for new election
* Francois Hollande slashes pay to 'highlight difference' with Sarkozy
* Greeks also 'running the banks' by withdrawing £650million per day
* Rumours Greek cashpoints could limit how much money they give out
* Moody's reviewing credit rating of 114 European institutions

A €1billion run on a recently nationalised Spanish bank has sparked further fears that the 17-nation eurozone is about to implode.

European markets fell as fears of a continent-wide contagion from goverment-less Greece's economic crisis also spread.

Shares in Bankia, Spain's fourth biggest bank formed in 2010 through a merger of seven struggling regional savings institutions, today plummeted by 27 per cent.

Read more
....

More News On Bank-Run Fears In Europe

Spain into recession amid fears of eurozone bank run -- AFP
Spain denies bank run reports -- Financial Times
Fears Greek turmoil could spark run on banks -- Irish Times
Is This What a Run on Greek Banks Looks Like? -- The Atlantic
As European Bank Run Threatens, Fitch Says Global Firms Need Another $566B -- Forbes

Related Posts :

Grab The Post URL

URL:
HTML link code:
BB (forum) link code:

Leave a comment

  • Google+
  • 0Blogger
  • Facebook
  • Disqus