Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Only because of the ECB's liquidity policies.

Bank runs in this day and age don't involve queues and riots in front of bank branches. Unless you're England.

But the banking system remains completely broken in the 5th year of the crisis. We have had "quiet deposit flight" both at the individual bank and at the country-wide level throughout, in fits and starts.

There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman

by Migeru (migeru at eurotrib dot com) on Sat Mar 17th, 2012 at 01:23:05 PM EST
[ Parent ]

Others have rated this comment as follows:


Occasional Series