Monday, May 21, 2012
EU banks fear a Greek exit could cause bank run across continent
THE spectre of funding problems is once again haunting Europe's banks.
Even after the European Central Bank pumped more than 1 trillion ($1.29 trillion) of cheap three-year loans into hundreds of banks, the continent's financial system remains vulnerable to the prospect that stampedes of customers could yank their deposits from institutions perceived as shaky.
The Australian
Labels:
economic collapse
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