More proof that the entire eurozone is extremely skittish.
With the trappings of an old-fashioned depression-era bank run...rumors of financial and legal problems rife on social networks...had more than 10,000 Latvians withdrawing their funds from Swedish-owned Swedbank...an estimated 10mn Lats/$19mn...so far.
Swedbank chief executive Maris Macinskis called the rumors "absurd".
Swedbank has deposits of 1.6bn Lats/$3.1bn in Latvia...about 40% of its assets.
Spreading false rumors is a criminal offense in Latvia...punishable with two years in jail.