From Zero Hedge:

Remember the proverbial run on the bank? Well, that was the norm (or rather the outlier) before governments decided to backstop entire financial industries residing within their territory. As a result, the post-Lehman version of "the bank run" will henceforth be referred to as "the country run" and for an example of one in practice, look no further than Greece.

The Guardian reports that investors have pulled a stunning €8-10 billion since the Greek crisis commenced in earnest last November. If true, this is the beginning of the end for the troubled EMU-member country.

"In the last four to six weeks a lot of money has been moved abroad; I've heard extraordinary figures...

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More on the euro crisis:

Marc Faber: This country's default could "kill" the euro

Worldwide stocks down this morning as Euro crisis builds

Doug Casey: "Absolutely convinced the euro is going to fall apart"