It would be great to see that happen, but I don't believe it would.
Most citizens would understand that a particular bank branch only has a certain amount of cash on hand each day to cover cash withdrawals - and that people would need to come back the following day (or week) to get more.
30 people in line withdrawing 1,000 Euros each at any branch would probably exhaust the cash on hand.
“Most citizens would understand that a particular bank branch only has a certain amount of cash on hand each day “
Laughable. People are panicky animals. “It’s a wonderful life” was a great film. But a bank run in Bedford Falls in the 1940s is a different animal than in a modern city where nobody knows George Bailey personally.
“30 people in line withdrawing 1,000 Euros each at any branch would probably exhaust the cash on hand. “
And then the word goes out that “the bank is out of money!!!” and 500 people gather out front.
There is no way that people understand the concept of fractional reserve banking. You are forgetting how idiotic people are.
Only two out of five of us can identify the three branches of government;
Less than half of us know which nation dropped the atomic bomb;
Only one-third of us know that the Congress, not the President, declares war;
Only 30% of us know that members of the House of Representatives serve two-year terms and only 25% of us know that Senators serve six-year terms;
Most Americans continue to believe that the 9/11 terrorists came from poverty or were neglected as children despite overwhelming evidence to the contrary;
A generation ago presidential speeches were pitched at the level of twelfth graders. Today they are pitched at the level of seventh graders;
Even after the 9/11 Commission had stated publicly that Saddam Hussein had provided no support to Al Qaeda, a poll showed that half the population still insisted that he had;
Only 25% of us can name more than one of the five freedoms guaranteed by the First Amendment but more than 50% of us can name two members of the Simpson family.