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A bank run, or just a shuffle at the moment (Read 1291 times)
JamJarChris
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A bank run, or just a shuffle at the moment
Sep 3rd, 2012 at 12:23pm
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Interesting article http://www.zerohedge.com/news/spain-whom-bell-now-tolls on ZeroHedge

Excerpt
"The central bank of Spain just released the net capital outflow numbers and they are disastrous. During the month of June alone $70.90 billion left the Spanish banks and in July it was worse at $92.88 billion which is 4.7% of total bank deposits in Spain. For the first seven months of the year the outflow adds up to $368.80 billion or 17.7% of the total bank deposits of Spain and the trajectory of the outflow is increasing dramatically. Reality is reality and Spain is experiencing a full-fledged run on its banks whether anyone in Europe wants to admit it or not."
  

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