Spain Crisis Quickening Pace for Eurozone Response

By: Wednesday May 30, 2012 7:05 am

A couple days ago, Spain floated an idea to deal with their bailout of Bankia, which would have represented a back-door way for the country to print money without having control of their own currency through a central bank. But the European Central Bank has apparently nixed the idea for now, leaving Spain to scramble for alternatives to keep it’s banking system afloat.

 

Greek “Bank Jog” Threatens Eurozone

By: Thursday May 17, 2012 6:40 pm

You can feel the heat being turned up on Europe. Greece is in the middle of what the Guardian has called a bank jog. In the 10 days since the elections which led to a political stalemate, a caretaker government, and new elections, Greek depositors have removed €3 billion from their banking system. It’s not like the banking system was super-secure before the May 6 elections, either.

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