Comment: Interesting. Rapidly induced hyper deflation.

(See in situ)

Interesting. Rapidly induced hyper deflation.

Somebody below said "bank run anyone?"

Well unless their government imposes strict controls, withdrawl limits, credit flows when they allow banks to reopen, that's almost certainly going to happen.

This should be absolutely fascinating to watch how banks "normalize" after this. But there is no normal now, they are the owned chattel property of the EU.

Certainly the rest of the EU is on the very same line, any of them could get called any day. Greece, Spain, Italy and at this point France is following the path. I can't see this as anything but a test case.

Be brave, be brave, the Myan pilot needs no aeroplane.