lol
thank goodness it can’t happen here //sarcasm
Here, it takes the form of ZIRP and QE. At a minimum, they will at least give us a new acronym, in exchange for stealing our money.
On a more serious note, I cannot understand how anyone in Southern Europe can keep their money in a bank. There is no rule of law, and that money is just waiting to be pilfered. Are people there really that blind?