Italy Slams ECB For Revealing It Has A “Bank Run” Problem

Thursday, December 29, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
Dec 29, 2016

With the world still napping in a post-Christmas daze, the ECB surprised Italian bank watchers on December 26 when it advised the insolvent, and nationalized, Monte dei Paschi that its capital shortfall had increased by 76% from €5 billion to €8.8 billion as a result of a deposit flight, aka “bank run”, that had accelerated and led to a deterioration in the bank’s liquidity.

The week before, Monte Paschi admitted, it had already suffered roughly €14 billion in deposit outflows, or 11%, in the first nine months of the year as shown in the chart below.

The Rest…HERE

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