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Staring at the abiss with Paul Krugman | 235 comments (235 topical, 0 editorial, 0 hidden)
Re: bank runs (none / 0)
I beg to differ. The French banks would have keeled over were it not for emergency operations such as this because the ECB itself didn't have enough dollars to backstop the dollar liquidity needs of the French banks once the Eurodollar deposits evaporated.

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 07:15:40 PM EST
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Staring at the abiss with Paul Krugman | 235 comments (235 topical, 0 editorial, 0 hidden)
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