People seem to be pretty nervous: Source: http://www.dailymail.co.uk/news/art...r-sparks-10-000-strong-rush-Latvian-bank.html I wonder whether this might happen in a larger country as well. Presumably, such an event could kick off an avalance: Once the bank run is large enough to be mentioned in the media, it will reinforce itself...
Who can blame them for being nervous after their last bank run only a couple of weeks ago where they initiated daily withdrawal limits. http://www.zerohedge.com/news/pictures-latvian-bank-run-mf-global-commingling-comes-town
December 14, Wall Street Journal Latvians Regain Their Calm - By GUSTAV SANDSTROM More than trust... there is even love of the financially savvy kind. AAP December 14, 2011 8:48AM Technology gives Gen Y a financial edge No one cough! Don't make a sound... or the herd might startle and stampede.
