☆ Yσɠƚԋσʂ ☆ to Europe · 2 years agoEuropeans drain billions from banks, fed up with shrinking savingswww.reuters.comexternal-linkmessage-square7fedilinkarrow-up19arrow-down14
arrow-up15arrow-down1external-linkEuropeans drain billions from banks, fed up with shrinking savingswww.reuters.com☆ Yσɠƚԋσʂ ☆ to Europe · 2 years agomessage-square7fedilink
minus-squarerokejulianlockhart@kbin.sociallinkfedilinkarrow-up1·2 years agoBut if everyone draws their finances, that causes the bank to collapse. Without it, usually a government forced buyout fixes the scenario, albeit at the ultimate expense of the taxpayer.
But if everyone draws their finances, that causes the bank to collapse. Without it, usually a government forced buyout fixes the scenario, albeit at the ultimate expense of the taxpayer.