Wednesday, January 5, 2011

Irish Banks' Deposit Base Declines 15 Percent in Last Year

So says a story here for Fortune, which also asserts that foreign depositors have pulled out 100 billion Euros since 2008.

What BankRun2010 failed to accomplish on the Continent with premeditation might actually have been happening all along in Ireland. There are worries that a cascade of withdrawals might trigger runs in the rest of the PIIGS.