Money is moving around Europe amid nervousness about the solvency of banks . That may be a stretch , but Spaniards and Greeks are withdrawing billions of euros from their bank accounts and sending them somewhere `` safer . '' The European Central Bank has been buying up Italian and Spanish bonds to try to prop them up. Contagion that caught up Greece is spreading to Cypress . A European Union summit at the end of June will be important for the future of the euro .
Money is moving around Europe amid nervousness about the solvency of banks . The European Central Bank has been buying up Italian and Spanish bonds to try to prop them up. Contagion that caught up Greece is spreading to Cypress . A European Union summit at the end of June will be important for the future of the euro .