Shocker:- Seimens pulls 500 million out of "French bank"

[Mega]

http://www.forexlive.com/blog/2011/0...-french-banks/
Mike

[lektrode]

Re: Shocker:- Seimens pulls 500 million out of "French bank"

http://www.forexlive.com/blog/2011/0...-french-banks/


The FT reports that German industrial giant Siemens pulled more than a half-billion in euro deposits from French banks and put them on deposit directly with the ECB (I didn’t know corporates had that options…)
A major vote of no-confidence in the European banking system, including the German banks, if true.

and The Reaction? (FRED???)

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[Mega]

Re: Shocker:- Seimens pulls 500 million out of "French bank"

I think the 2% drop in EVERYTHING sums up the rush for $ to PAY off debts.......once this blows we got 5-12 weeks before the $ gets KILLED !
Mike