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News Link • Economy - International
In Spain, Bank Transfers Reflect Broader Fears
New York Times
It is only a trickle so far, and not nearly enough to constitute a
classic bank run. But these growing transfers of deposits out of
troubled Spanish banks reflect a broader fear that the country’s
problems could make it hard for Spaniards to get to their money if banks
fail and cannot be supported by the government. In a worst case, some
even worry their money will be worth substantially less if Spain is
forced to leave
currency zone and re-adopt its old currency, the peseta.
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Tags: trickle, nearly, enough, constitute, classic, growing, transfers, deposits, troubled, spanish, reflect, broader, country’s, problems, spaniards
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