A bank run on Greece?

April 8, 2010 at 12:06 pm Leave a comment

FT reported that Greece banks are asking for help as their deposits are slowly being withdrawn.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
http://www.ft.com/cms/s/0/c2709314-4252-11df-9ac4-00144feabdc0.html

Entry filed under: Watch your step. Tags: .

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