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Greek Euro Exit Looms Closer As Banks Crumble - Telegraph

www.telegraph.co.uk  |  Posted: Updated: 17/05/2012 17:01

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www.telegraph.co.uk:

A tsunami of capital flight from Greece threatens to overwhelm the authorities, forcing the country out of the euro before fresh elections in June.

Read the whole story at www.telegraph.co.uk

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A tsunami of capital flight from Greece threatens to overwhelm the authorities, forcing the country out of the euro before fresh elections in June. ...
A tsunami of capital flight from Greece threatens to overwhelm the authorities, forcing the country out of the euro before fresh elections in June. ...
Filed by Dina Rickman  | 
 
 
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oobuc5
12 Fans
10:57 AM on 05/18/2012
90% od Santander is based in the UK / , so the UK is responsible for bailing out the bank if it folds up ,because they will have to reimburse the public !
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oobuc5
12 Fans
10:42 AM on 05/18/2012
If 50billion has gone from the Spanish banking system to France /Germany how much has gone from the Greek system ?
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oobuc5
12 Fans
10:39 AM on 05/18/2012
good then perhaps holidays in Greece will be cheaper ,just like the 70s !
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Orthrus
70 Fans
05:09 PM on 05/17/2012
Quote: "A tsunami of capital flight from Greece threatens to overwhelm the authorities"

This is because those who can move their assets know that the Drachma, if reintroduced, will be worthless and despite all the anti Euro wishful thinking the Euro will continue to have value.
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Ozarks
700 Fans
09:54 PM on 05/17/2012
Wait for Spain, maybe every government will finally take up the Iceland solution and let the banks eat the losses.
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