A bank run on Greece?
FT reported that Greece banks are asking for help as their deposits are slowly being withdrawn.
El-erian of Pimco wrote in FT an article warning of more trouble ahead for Greece if IMF,Eurozone and Greece don’t get their act together.
Looks like Greece was right in depicting themselves as emerging market. On second thoughts, they should be called “sinking market” instead.
Why the Greek rescue isn’t going to plan
Entry filed under: Watch your step.