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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

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