[Ken522]

That’s probably the plan - if it works for Cyprus, it will eventually work for the rest of the EU. Free money for the taking!

[Leaning Right]

if it works for Cyprus, it will eventually work for the rest of the EU

If it works for Cyprus, it will destroy every bank in the EU. Because there will be a run on every EU bank.

Choice A: Leave your money in your EU bank. Earn 0.1% interest. Lose 10% of your savings as a "tax" whenever the government needs more money.

Choice B: Take every cent out of your account. Buy some gold. Put the rest under your mattress.

If the Cyprus solution is copied by the rest of the EU, who in the EU wouldn't take Choice B?

[newfreep]

“Money for nothing and the chicks for free”