Stage set for European bank runs?

In their zest to bully convince Greece to accept more austerity for more aid, Germany and France may have set the stage for bank runs. Joachim Fells of Morgan Stanley:

This past week, by raising the possibility that a country might (be forced to) leave the euro, core European governments may have set in motion a sequence of events which could potentially lead to runs on sovereigns and banks in peripheral countries that make everything we have seen so far in this crisis look benign. 

I continue to remain short the Euro vs the US Dollar, long the long-end of the U.S. Treasury curve, short WTI crude oil and short financial institutions.