GLOBAL DEPRESSION - 22 Reasons for an Economic Collapse In Europe In 2012 | |
Burt Gummer (OP) User ID: 6180327 United States 11/29/2011 06:44 PM Report Abusive Post Report Copyright Violation | "...it looks like a run on the banks has already begun in Europe. The following comes from a recent article in The Economist. “We are starting to witness signs that corporates are withdrawing deposits from banks in Spain, Italy, France and Belgium,” an analyst at Citi Group wrote in a recent report. “This is a worrying development.” [link to www.yolohub.com] Last Edited by Useless Cookie Eater on 11/29/2011 06:44 PM |
Burt Gummer (OP) User ID: 6180327 United States 11/29/2011 07:41 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 17608798 Turkey 06/18/2012 07:32 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 17878374 United Kingdom 06/18/2012 07:41 AM Report Abusive Post Report Copyright Violation | "...it looks like a run on the banks has already begun in Europe. The following comes from a recent article in The Economist. Quoting: Burt Gummer “We are starting to witness signs that corporates are withdrawing deposits from banks in Spain, Italy, France and Belgium,” an analyst at Citi Group wrote in a recent report. “This is a worrying development.” [link to www.yolohub.com] Corporates have been doing that for a little while, most obvious where the UK ones withdrawing from the continent and building what appears to me to be a corporate firewall, the sums throw around by some of the larger auditing firms are that they have already stock piled over £1 trillion in funds. I am sure that is going on across the globe, further exacerbating the current situation as they sit on funds rather than use them to expand/grow, which leaves me with the distinct feeling that one the one hand they are preparing for something to happen, while on the other by sitting on those funds they are ensuring it does happen. |
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