Meanwhile, keep an eye on Greece. If we put the risk of a strike by municipal employees to one side, the elections there are due on the 17th. There have been no opinion polls since the beginning of the month, but the final round (note that the article to which I link was published on June 1, not the June 10 of its heading) indicated that the anti-austerity far-left Syriza coalition had a shot at winning, something that could set the country on a collision course with those in the euro-zone that are paying its bills, and, from there to an exit from the currency union.

The general assumption is that everyone will wait to see what happens on the 17th before planning their next move, but what if those with bank deposits in the country really start panicking about the possibility of a Syriza victory ahead of then?

Watch those banks.