[KarlInOhio]

Or it can confiscate depositor money in Greek banks, like it did in Cyprus and as the FT has now reported.

Any Greek with money still in the banks falls well into the range of "a fool and his money are soon parted". It won't be safe anywhere in the EU and I wonder whether non-EU accounts like Switzerland would even be safe for them.

[Pollster1]

Any Greek with money still in the banks falls well into the range of "a fool and his money are soon parted".

You nailed it.

[SeekAndFind]

RE: I wonder whether non-EU accounts like Switzerland would even be safe for them.

Forget Switzerland. The country has effectively surrendered banking secrecy when she agreed to reveal the accounts of all of her American clients to the IRS.

And you can also say goodbye to the following traditional secret banking centers : Cayman, Bahamas, Barbados and Panama. All these countries are susceptible to American bullying.

The only two countries that can stand up to IRS bullying are China and Russia.