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A New Run On The Banks? Spaniards Pulling Cash Out At Record Rates [1]

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Submitted by Rain on Sat, 09/01/2012 - 06:35

International Business Times
By Oliver Tree and Mike Obel, August 28, 2012

Spanish consumers are pulling their cash out of banks at record levels, according to figures released on Tuesday.

Private sector deposits fell by nearly 5 percent in July to €1.509, the Telegraph reported, citing European Central Bank [2] data, as public confidence in the banking system reached all-time lows amid a worsening economic situation.

To read the rest of this story, visit IBTimes.com. [3]

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  • Freedom Project [4]

Source URL: //soundofheart.org/galacticfreepress/content/new-run-banks-spaniards-pulling-cash-out-record-rates

Links
[1] //soundofheart.org/galacticfreepress/content/new-run-banks-spaniards-pulling-cash-out-record-rates
[2] //soundofheart.org/topics/detail/437/european-central-bank
[3] http://www.ibtimes.com/articles/378106/20120828/spain-debt-bonds-bank-deposits.htm
[4] //soundofheart.org/galacticfreepress/type-post/galactic-free-press/freedom-project