Relevant:
- Deposit Flight From Europe Banks Eroding Common Currency
- European Bond Market Meltdown; ECB is Buyer of Only Resort for Greece, Ireland and Portugal
- Austerity is Coming to the People of the Sun
- Portugal: Rescuing Europe's Worst Government Bonds May Take More Than ECB
- If Greece Defaults, What Happens to Portugal and Ireland--and Spain?
2011-11-08 — blogspot.com
"The rational thing to do if you live in Spain, Portugal, or Greece is to take all of your money out of banks while it's still denominated in Euros, while you still can. If a majority, or even a significant minority of depositors act rationally, it will be all over in days."
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