Monday, 18 March 2013

Secular Café: Cyrpus Bank Crisis? Easily solved, just TAKE money from private citizens

Secular Café
For serious discussion of politics, political news, policy, political theory and economics and events happening round the world
Cyrpus Bank Crisis? Easily solved, just TAKE money from private citizens
Mar 19th 2013, 01:50

{My apologies for the typo in the subject line, fingers aren't working today)

NICOSIA, Cyprus — A plan to seize up to 10 percent of people's savings in the small Mediterranean island nation of Cyprus sent shockwaves across Europe on Monday as households realized the money they have in the bank may not be safe.

A weekend agreement between Cyprus and its European partners called for the government to raid bank accounts as part of a (EURO)15.8 billion ($20.4 billion) financial bailout, the first time in the eurozone's crisis that the prospect of seizing individuals' savings has been raised.

http://www.caller.com/news/2013/mar/...europe-savers/

So who is next?

And who says this isn't the future of America?

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