Quote:
Originally Posted by Chris
The problem is not the fairness of a quid quo pro - it's the precise nature of it. They are proposing an arbitrary expropriation of the private wealth of citizens. As someone observed earlier, that is an utterly outrageous course of action anywhere except within a Communist State.
The first $100,000 of any private individual's bank savings are supposed to be absolutely guaranteed safe against the risk of a bank going bust, yet here the EU is proposing to take away up to 10% of those savings as part of the deal to prevent the bank going bust. It is perverse in the extreme.
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What sort of precedent will this sort of thing set? Basically rules are only rules when the Eurocrats decide they are...