After Cyprus, What Will Russia Do When EU Needs Nat Gas ?????
You don't really think Russia's going to take this lying down ????? A run on European Banks is nothing compared to Russian generated natural gas shortages !!! Without Russia's nat gas, there wont be any lights in the banks that are still open PLUS nat gas prices are already $9.50 per MMBTU as compared to US nat gas prices of $3.50. The pricing disparity is already effecting manufacturing decisions in Europe particularly with respect to locating new plants. If Russia restricted nat gas sales to the EU countries as they have in the past, bank runs would be useless because there wouldn't be any money in the banks anyway !!!!