Sunday, 17 June 2012 07:58
‘Savers across Europe are fleeing the continent’s debt crisis. In Europe’s most economically stricken countries, people are taking their money out of banks as a way to protect their savings from the continent’s growing financial storm. Worried that their savings could be devalued, or that banks are on the verge of collapse and that governments cannot make good on deposit insurance, people in Greece, Spain and beyond are withdrawing euros by the billions – behaviour that is magnifying their countries’ financial problems.’
Read more: Savers Start a ‘Jog’ on Europe’s Banks as Greece Votes