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Tuesday, March 26, 2013

The Hand of Diesel-Boom Detected In The Market

Jeroen Dijsselbloem has been busy again, today saying that there were no signs of a bank run in periphery countries or deposits moved from periphery to core.

That's nice.

Except that the banks in Cyprus are closed, and are likely to remain closed until after Easter.

Once they re open there will most certainly be bank runs and deposit moves.

Meanwhile maybe someone should tell Dijsselbloem that the banks are shut and, more pertinently, that he should shut his mouth!

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