“Uninsured deposits” are presumably at risk from common theft — not govts. and policies supposedly in place to ENFORCE these very agreements (rule of law).
You seem like a ‘Rat visitor, from your “comments.”
Have a nice day (get lost.)
You're the one that posted to me first you dimwit. Now I see you are clearly a real jerk too.
“Uninsured deposits” are presumably at risk from common theft — not govts. and policies supposedly in place to ENFORCE these very agreements (rule of law).
The banks failed you idiot. Do you get that? FAILED. That's why deposit insurance exists, to protect people in the event of bank failure. People were either going to lose some of their money or ALL of their money. The other option was for another taxpayer funded bailout of banks - which was thankfully rejected.
There was no good solution here. The government and the banks were negligent and have been for years. The voters are ultimately responsible for the corruption they allowed to take root through the politicians they've been voting for over and over again.
You seem like a ‘Rat visitor, from your “comments.”
You obviously have zero idea what you are talking about. Maybe you should take the time to learn something, which you clearly need to do, instead of just hurling insults. The reason this bailout is better than what we've seen in the past is because it held bank shareholders responsible, rather than immediately ask taxpayers to bail them out. Uninsured deposits are just that, uninsured. Everyone in the entire world knew Cyprus' banks were in deep trouble. There is no good outcome here, but this is better than what we've seen in Greece and elsewhere. For once "bad" banks will be allowed to fail, shareholders will get wiped out and uninsured depositors (over 100k Euro) will only lose some of their money instead of all of it.