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News Link • Economy - International

Latvia Bank Run: This Is What Your ATM Will Look Like During a Banking Panic

• YouTube.com
Thousands of Latvians lined up at bank counters and ATMs in an attempt to withdraw their savings from Swedbank, the country's largest banking institution.

As rumors of imminent collapse began to build due to the bank's reported liquidity problems in Estonia and Sweden, Latvians panicked and headed for their cash. This was the scene outside of numerous ATM's in Latvia's capital city, Riga


 

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