"When the sheep understand the system is the day the system crashes." - Wisconsinstock1
Greeks withdrew more than $900 million Monday and another $600 million Tuesday, according to the Greek Central Bank.
Confidence in Spain's banks and its teetering economy was shaken Thursday after a newspaper reported that depositors were rushing to withdraw their money from Bankia, a troubled bank that was effectively nationalized just one week ago.
Adding to the anxiety, rating agency Moody's downgraded its credit ratings on Spanish banks. The banking sector has been hit hard by a collapse in the Spain's property market and is facing tough funding rules that many analysts fear it can't afford.
