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To: elmatador who wrote (90513)	5/22/2012 9:11:20 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 217975

The biggest problem I would see is if they have sufficient physical bank notes to meet demand. I think we all know that the actual amount of paper currency in circulation is a small percentage of the overall money supply. But if they are just transferring funds electronically, it shouldn't be as much of a problem (relatively speaking).. After all, a bank deposit by an individual is nothing more than a "callable" loan. The loan is called when the depositor removes their money. But if another lender steps in and makes a loan to that bank, it restores the capital reserve. What really matters to the lender of last resort is what currency that loan is made in, and the risk to currency devaluation should Greece leave the Euro. Hawk