Quote:
Originally Posted by Damien
Cyprus need a bailout. They don't have a automatic right to one. Any deal, from Russia or the EU, will come with conditions attached and they won't be popular either way.  |
I don't disagree with you on the need for a bailout.
However why should Cyprus be the first country to break the rules on bank deposits, Why have the EU decided to test this scenario on a small country. If they had tried that trick with Italy or Spain you can bet that the brown stuff would have seriously hit the fan. If this money grab from peoples bank accounts had been allowed to progress not a single person in Europe could put there hand on there heart and say my money is 100% safe from a grab by the EU. Rules and laws are being walked all over by the EU over this push for a money grab and i for one don't think they should be allowed to do it.
If they get to do it how long before they deem it necessary AGAIN to dip into personal bank accounts.