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Thursday, 17 May 2012

Spaniards Withdraw a Billion Euros out of Bankia

The bank that was part nationalised last week by the Spanish government has seen the general public pull a billion Euros out in a week.

On our theme of banks facing huge withdrawals in Greece see http://companyrescue.blogspot.co.uk/2012/05/cash-withdrawn-by-greeks-in-advance-of.html the pain has moved to Spain.

Do the Spanish people sense a crisis brewing in their banking system and or the return to the Peseta?

There is clearly a bumpy road ahead, we in the UK are not directly affected, but nor are we immune. Time to fasten our seat belts methinks.

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