Friday 24 November 2017

Brendan Keenan: EU banks need sorting out as fear and tension add to woes

THESE are nervous times. There was a yelp from the passenger seat when Yanis Varoufakis, professor of economic theory at Athens University, mused in a radio interview on what would happen if Greece declared its departure from the euro over the weekend.

The good professor meant it by way of illustration, but my fellow-listener took it as a forecast. She was all for heading to the bank with a suitcase to take her money out there and then.

I wonder if anyone actually did that? This is no criticism of Prof Varoufakis, whose interview was a paragon of common sense. It is, rather, an illustration of the state to which we have come in this ever more febrile crisis.

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