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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By Stefan Kaiser AFP http://bit.ly/J33oyY The Spanish government has denied reports that €1 billion was withdrawn from beleaguered major savings bank Bankia last week.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…
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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…
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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…