Remain calm! All is well!!
Russia has already loudly protested. It was not consulted by the EU about this move against its citizens.
If there are no guarantees for depositors and investors, the stability of entire economies is at risk. Brussels wants to go austerity one better.
This is a formula for the dissolution of the EU.
A Good Business environment needs one real thing, predictability. They have to be able to factor in the costs of doing business as far into the future as they can.
When a government starts throwing out all kinds of mandates (pass it before we know whats in it) and then come like a thief in the night to steal 10% of your capitol, then that will destory the ability of business to be able to plan and grow.
Besides, do they think stealing 10% from a business will create more jobs?
Bunc of fools.
Punishing the productive to support the freeloaders. Face it this is all because they refuse to kick abled bodied people off the dole.
Remain calm! All is well!!
Willie Sutton was asked why he robbed banks and he replied “Because that’s where the money is.” Guess where the money is today? In taxpayers’ bank accounts. Never mind that they already got $750 billion TARP money.
Socialism does not, and can not work. One, human nature gets in the way, and two there is not enough money in the world to support it.
When you rob Peter to pay Paul, eventually Peter quits working and saving.
As someone once said, a government big enough to give you everything is also big enough to take everything.
Libs are already eyeing our 401k and other retirementment accounts to “seize” and then “re-allocate”. Perhaps the bank seizures will be offered up as part of a ‘faustian choice”...that is the retirement accounts verses our nation’s bank accounts.
Ironically this “plan” is being directed by by the grim hard-looking socialista Christine LagGarde, who enjoys a tax-free salary as head of the IMF