The Coming Crisis: A €1billion run on a recently nationalised Spanish bank has sparked further fears that the 17-nation eurozone is about to implode. European markets fell as fears of a continent-wide contagion from goverment-less Greece's economic crisis also spread. Shares in Bankia, Spain's fourth biggest bank formedin 2010 through a merger of seven struggling regional savings institutions, today plummeted by 27 per cent.The pan-European FTSE 300 index was down 0.9 per cent at 984.22 points by 10.26.am, close to a four-and-a-half-month low of 983.95 points reached yesterday. Spain's benchmark IBEX index fell nearly 2 per cent to its lowest level since mid-2003. It came following a report in El Mundo newspaper that its customers had withdrawn more than €1billion from their accounts over the past week.Source: The Coming Crisis
