Bank run in the PIIGS?
Category: Economy/Stock ex.
Theme(s): bank-run PIIGS

Posted by Spectator  
Bank run in the PIIGS?
The graph is speaking by itself.
And, as one comment says, "what are the Europeans going to do with the money they withdraw?"... buying gold? putting it in Switzerland?
Posted by Thesee  
The Europeans will likely put their money in both Luxembourg or Swizerland, as PIIGS citizens did over the past months. It could be declared money and not offshore but just to be "safer" in case of Banking collapse or just increased fiscal pressure from new Governments (as in France if Holland wins)