>>>What about a confiscation of savings held by banks in Cyprus?
When your bank loses money on mortgages and other bad loans, and Germany doesn’t hand you a check, do you feel Germany has plundered your bank account?<<<
You are missing my point again. If you are to look into a Cyprus bailout it wasn’t about to take 20% of assets from bank A, 25% from bank B and 5% from bank C.
It was about to confiscate 7-60% (the “rich” are losing more) from every account in every bank in Cyprus.
Feel the difference?
Not banks but their clients are targeted. As an account holder I can rightfully call in plundering MY account.
It was about to confiscate 7-60% (the “rich” are losing more) from every account in every bank in Cyprus.
Yes, when your bank loses money and your government doesn't bail them out, depositors lose money.
As an account holder I can rightfully call in plundering MY account.
Yes, your bank plundered your account, not the EU.