May 15, 2012

WALTER RUSSELL MEAD: Greece’s Bank Jog Turns Into A Run: Is Viral Panic Next? “Of course a bank run will hasten the insolvency of the banks and force an earlier Greek exit from the euro: that is all the more reason to panic fast. When there’s a fire in a crowded theater, you want to be among the first at the door. The question now is whether the bank virus spreads to other European countries that are potentially at risk of leaving the euro.”

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