“The Dash for Cash”

This article talks about the problem of European banks running out of money. Many large European banks are currently being forced to stop lending and sell everything they can. This problem may cause a credit crunch in the future or even bank runs and failures. Investors are starting to lose confidence in buying unsecured bonds, so the banks are running out of money. The effects of these problems are discussed in the article, and the potential consequences seem quite disastrous.

http://www.economist.com/node/21541019