Tuesday, 29 May 2012


Bank deposits are falling in Spain, while deposits are rising in Germany. People are heading for the exit.

Greece has become a side-show, the real center-point for the crisis is Spain.

Guess what happens next....?

(Non-MFI means "non monetary financial institutions", which is a roundabout way of saying "firms and individuals". The chart comes from soberlook.com).

1 comment:

Anonymous said...

What happens next? The end of the EU.