Run on the Eupopean banks?
April 27, 2010 at 13:45 PM EDT
When/if word gets out that depositors can lose, that contagion spreads across the euro zone with a general run on the banking system to actual cash, gold, and other currencies, which doesn’t create a cash shortage but drives the euro down further, and further weakens the credit worthiness of all the national govts. As previously suggested, [...]