"Mike Whitney" - EuroZone Deathwatch
September 9, 2011 There’s no way to overstate the calamity that’s unfolding across the Atlantic. The eurozone is imploding. The smart money has already fled EU banks for safe quarters in the US while political leaders frantically look for a way to prevent a seemingly-unavoidable meltdown. Here’s an excerpt from a post at The Streetlight blog that explains what’s going on:
“…ECB data seems to indicate that monetary financial institutions (MFIs) in Europe have been moving their deposits out of European banks. Where is that money going?….
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