Greek, Spanish, And Portuguese Bank Runs

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1886 Bank Run: “The War of Wealth”

As Mitch states in his recent blog titled “Greece Public Finances Face Collapse…“, if you have your money in Greek, Spanish, or Portuguese banks, get it out – now.

Meanwhile, Niall Ferguson, a Harvard University history professor, urges people to remember what happened to begin the second half of the Great Depression in the early 1930’s: European bank runs.

Speaking of which, Wikipedia summarizes a recent list of bank runs; expect the content to be updated soon.


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