[lucky american]

I believe this is the beginning of the end.
If the Cypriots pull this off it will signal to the rest of Europe that your money isn’t safe and that governments can repeat this at will.
It will start a run on banks.

[steve86]

It will start a run on banks.

As soon as any run starts -- if one does -- hasn't really happened yet -- you will see instant capital controls. Max withdrawal $100, £100, 100€, etc., per day. Problem solved.