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By Stefan Kaiser AFP http://bit.ly/J33oyY The Spanish government has denied reports that €1 billion was withdrawn from beleaguered major savings bank Bankia last week.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…
Greek President Told Banks Anxious as Deposits Pulled
By Natalie Weeks and Maria Petrakis – May 16, 2012 http://bloom.bg/JjKVxL Greek President Karolos Papoulias was told by the nation’s central bank chief that financial institutions are worried about their survival as Greeks pull out euros…
Greece on the Brink: Chaos and Fakery as the Final Act Begins to Unfold
By John Ward http://hat4uk.wordpress.com/2012/05/16/greece-on-the-brink-chaos-and-fakery-as-the-final-act-begins-to-unfold/ With signs of growing panic in the markets and Greek banking system, dirty tricks via post seem to be the order of the day in Athenian politics. The Establishment…
