Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $28,398
35%  
Woo hoo!! And we're now over 35%!! Thank you all very much!! God bless.

Keyword: confisaction

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  • Cyprus bail-out: savers will be raided to save euro in future crises, says eurozone chief

    03/26/2013 5:09:41 AM PDT · by MeneMeneTekelUpharsin · 41 replies
    The Telegraph - UK ^ | 26 March 2013 | Bruno Waterfield
    Savings accounts in Spain, Italy and other European countries will be raided if needed to preserve Europe's single currency by propping up failing banks, a senior eurozone official has announced. The new policy will alarm hundreds of thousands of British expatriates who live and have transferred their savings, proceeds from house sales and other assets to eurozone bank accounts in countries such as France, Spain and Italy. The euro fell on global markets after Jeroen Dijsselbloem, the Dutch chairman of the eurozone, announced that the heavy losses inflicted on depositors in Cyprus would be the template for future banking crises...