Fears of Bank Runs Mount in Southern Europe
By Stefan Kaiser AFP http://bit.ly/J33oyY The Spanish government has denied reports that €1 billion was withdrawn from beleaguered major savings bank Bankia last week. Following the downgrade of 16 Spanish banks by Moody’s, the focus…
Run on Nationalised Spanish Bank Sees Customers Withdraw €1Billion… as French Government Slashes its Own Pay by 30%
By Daily Mail Reporter – May 17, 2012 http://tinyurl.com/7cmp8wc • Shares in Bankia, Spain’s fourth largest bank, fall 27% after media reports • Greece forms government, but will dissolve it tomorrow for new…
