Spain’s Serious Banking Troubles Presage Eurozone Crackup

By: Friday May 25, 2012 12:15 pm

The crisis in Europe that we talk about, one of austerity-induced recession and mass suffering, has also led to a crisis that we’re just starting to talk about, mainly a crisis of bank solvency. As worries about Eurozone exits have grown, depositors have begun to take money out of their local banks in the peripheral [...]

Greek “Bank Jog” Threatens Eurozone

By: Thursday May 17, 2012 7:54 am

You can feel the heat being turned up on Europe. Greece is in the middle of what the Guardian has called a bank jog. In the 10 days since the elections which led to a political stalemate, a caretaker government, and new elections, Greek depositors have removed €3 billion from their banking system. It’s not [...]

Hollande and Merkel Meet as Greek Woes Continue

By: Wednesday May 16, 2012 7:45 am

German Chancellor Angela Merkel and French President Francois Hollande met yesterday in Berlin, in what was kind of an awkward summit. But they did appear united on one point: that Greece must keep their promises and stay in the Eurozone. Both spelt out their concern that Greece should remain a full member of the common [...]

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