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March 17, 2013

Europe Puts Its Faith in Blanche DuBois

Walter Mead, The American Interest

AP Photo

Bank runs in Europe? The EU made them a little bit more likely this weekend, and as Cypriots stampede for the shrinking number of ATMs still handing out cash on the island, Italians, Greeks and Spaniards are also beginning to wonder if, with interest rates effectively at zero and confused politicians running Europe’s bank systems, the mattress might just be the safest place for their money after all.

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TAGGED: European Union, EU, Eurozone, Europe

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