Episode 409 • • 2:29:16 - 2:31:46
409: Head Lag
Bank Runs in Spain, Dutch Austerity Package, VAT Increases
A significant bank run is reported at Bankia in Spain, with over a billion euros withdrawn in a short period. Meanwhile, the Dutch government has finalized an austerity package including 12 billion euros in cuts and a VAT increase to 21%. These measures are part of a broader European trend of socializing losses and imposing financial burdens on the public.