‘Financial Anarchy’: Jim Cramer Predicts a Run on Banks in Spain and Italy Within Weeks
Jim Cramer, a former hedge fund manager and the host of CNBC’s Mad Money, was on Meet the Press with David Gregory this morning where the two discussed Europe’s economic woes and the worldwide ramifications of the disaster.
“I’m predicting bank runs [in] Spain and Italy within the next few weeks. Without a coordinated policy, there is going to be financial anarchy in Europe and [it's] going to cause a slowdown worldwide, China and here.”
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