Monday, May 28, 2012

More on Spanish and Greek Debt

Talk about your bank runs: 

"Banks in troubled euro zone economies such as Greece and Spain appear to be seeing their deposits flee to German or Swiss banks, a move that could potentially trigger a fresh crisis if those vulnerable banks face liquidity shortages, Ii said."

Maybe a lot of this has been priced in.  After all, it's not like the "Euro crisis" is something new.  We all have known that there are problems in Europe, and every solution so far just kicks the can down the road.  As of now, not too many of the solutions have been a serious attempt to solve the problems of not enough money to fund the government expenses.  The solutions all involve borrowing money or more debt.

Anyway. It is what it is.

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