☆ Yσɠƚԋσʂ ☆@lemmy.ml to Europe@lemmy.ml · 1 year agoEuropeans drain billions from banks, fed up with shrinking savingswww.reuters.comexternal-linkmessage-square5fedilinkarrow-up10arrow-down12
arrow-up1-2arrow-down1external-linkEuropeans drain billions from banks, fed up with shrinking savingswww.reuters.com☆ Yσɠƚԋσʂ ☆@lemmy.ml to Europe@lemmy.ml · 1 year agomessage-square5fedilink
minus-squarerokejulianlockhart@kbin.sociallinkfedilinkarrow-up1·1 year agoBut if everyone draws their finances, that causes the bank to collapse. Without it, usually a government forced buyout fixes the scenario, albeit at the ultimate expense of the taxpayer.
But if everyone draws their finances, that causes the bank to collapse. Without it, usually a government forced buyout fixes the scenario, albeit at the ultimate expense of the taxpayer.