“The decision to expropriate Cypriot savers – even the poorest – was imposed by Germany, Holland, Finland, Austria, and Slovakia, whose only care at this stage is to assuage bail-out fatigue at home and avoid their own political crises. The EU creditor states have at a single stroke violated the principle that insured EU bank deposits of up $100,000 will be guaranteed come what may, and in doing so they have more or less thrown Portugal under a bus. They appear poised to seize large sums from Russian banks – €1.3bn from state-owned VTB alone, and therefore from the Kremlin.”
(Visited 42 times, 1 visits today)
Related posts:
Donald Trump Flaunts the Dangers of Presidential Power
Bill Bonner: Ike’s Warning
Enslaving People to Keep Them Safe from Government-Produced Enemies
Ron Paul: Why Can't We Sue the TSA For Assault?
Is RNAi Making a Comeback?
Will Grigg: "This Isn't America" -- You Can't Say That Here
“Why 55 U.S. Senators Voted for Genocide in Yemen”
The Smart Money is Investing Here…
Lacking More Important Business, Trump Renews War On Pot Smokers
What Higher Mortgage Rates Mean in the Real World
One Man’s Trash is Another Man’s Big Data
Trump’s Ten Lies: A Response to the Iran Nuclear Agreement Speech
The UK Recovery that Isn't ... the Market Recovery that Is
FATCA: Do I have to report my offshore gold?
Presstitutes Lie Through Their Teeth About House Intelligence Committee Report