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
Greek banks may be nearing complete collapse -- CBS
Only the ECB can make it a bank run -- James Saft, Reuters
Potential Bank Runs in Greece Spark EU Contagion Panic -- Alex Newman, New American
Could a Greek Bank Run Go Global? -- Laurence J. Kotlikoff, Huffington Post
No comments:
Post a Comment