$SPY $DAX $XLF $EUFN $EWO
Another nail in the coffin of the European financial sector. It started friday as a boycott on Austrian banks in Romania (Austria vetoed Romania accession in Schengen area) mainly Raiffeisen Bank and BCR/Erste Group.
Raiffeisen alone lost 5500+ accounts on Friday Dec 9 / Day1 (cca 14M eur mainly small individual boycotting) but during the weekend the Romanian Business Chamber urged its members (>1B EUR turnover) to retire all funds from these banks, which seem to start looking as a major bank run. Let's see how this unfolds
msn.com/en-xl/news/other/sc... Bearish
1














