Delaware effect
n.— «The Irish government has thrown everybody (and that includes Sarkozy and Merkel) off track by guaranteeing every last penny in its banks. The risks run by this kind of unilateral action inside the European Union are typified by what is called a Delaware Effect. People might rush money out of some banks to move them into Irish banks in order to benefit from this guarantee.» —“J’accuse: Das Kapital… (Kein Kapital)” by Jacques René Zammit Malta Independent Online Oct. 5, 2008. (source: Double-Tongued Dictionary)
Further reading
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