Wonder if this was caused by EU wanting to impose capital controls.
“Rising interest rates, record insolvencies, and permanent recession — the looming economic crisis in the EU is taking shape. Brussels is responding by preparing the ground for capital controls. The regulators’ latest target: European citizens’ foreign bank accounts.”
https://freerepublic.com/focus/f-chat/4393948/posts
If I was looking for a place to stash my nation’s Gold Reserves, I sure as hell wouldn’t pick LONDON! or any European state. Not even Switzerland............