'‘Mother of all bank runs’ has already begun in eurozone''

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"Money is to the economy what blood is to the human body. So long as both are circulating smoothly, they’re doing fine. But when liquidity starts to choke in the veins of the economy, as is happening now, it points to a coming seizure. Which is the worry that keeps bankers and analysts up at night these days.


The “collateral crunch” has come about because the banks’ traditional means of raising funds are running dry as investors, worried about the survival of the euro, are pulling out their savings or are easing up bank bond purchase.

Essentially, what this signals is that investors are beginning to lose their faith in the banking system, and have begun a ‘bank run’ that could snowball into a full-blown crisis."