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The banking system in Europe is on the verge of collapse! Bank runs happening in Spain, Portugal, Greece and Ireland

 
Anonymous Coward
User ID: 1326873
Canada
09/19/2012 12:35 PM
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The banking system in Europe is on the verge of collapse! Bank runs happening in Spain, Portugal, Greece and Ireland
[link to www.bloomberg.com]
A total of 326 billion euros ($425 billion) was pulled from banks in Spain, Portugal, Ireland and Greece in the 12 months ended July 31, according to data compiled by Bloomberg. The plight of Irish and Greek lenders, which were bleeding cash in 2010, spread to Spain and Portugal last year.

But that's not all :
Banco Santander SA (SAN), Spain’s largest bank, lost 6.3 percent of its domestic deposits in July, according to data published by the nation’s banking association. Savings at Banco Popular Espanol SA, the sixth-biggest, fell 9.5 percent the same month.


THAT'S HUGE. Bank runs we can believe in!
Limpan

User ID: 1474973
Sweden
09/19/2012 12:38 PM

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Re: The banking system in Europe is on the verge of collapse! Bank runs happening in Spain, Portugal, Greece and Ireland
Let's go man!!! Time to get gold standard back and skip free trade....

rockon
Anonymous Coward
User ID: 23956675
United States
09/19/2012 12:41 PM
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Re: The banking system in Europe is on the verge of collapse! Bank runs happening in Spain, Portugal, Greece and Ireland
Damn!

Got silver?
Fuck gold!
Anonymous Coward
User ID: 24058104
Portugal
09/19/2012 12:42 PM
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Re: The banking system in Europe is on the verge of collapse! Bank runs happening in Spain, Portugal, Greece and Ireland
Well, been at the bank today to get my paycheck and guess what. Nothing extraordinary happening there.
Actually, almost no one there and the bank clerk was actually happily talking at the phone while counting my money.

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