|
Re: Eurozone will collapse...
Quote:
Originally Posted by Julian
So having done it once, what is to stop Cyprus doing it again to those with over 100000 in the bank.
What would be the result of most major depositors withdrawing what they have left after this levy?
My guess is that the banks will likely fail....
If 5bn had to be raised and that is 20% of savings that means the savings are worth 25bn. OUCH.
|
There WILL be a run on the banks after this, Cyprus is now well and truly screwed and the Euro elite know that. The likes of Germany and France will have a strangle hold on Cyprus after this and i would expect preferential trade deals to boot 
I give it 2 months for all the money to disappear out of the Cypriot banks and then BANG down they go again.
__________________
So you all voted for Labour and now you are shocked they resort to stabbing the pensioners and disabled in the back. Shame on you.
Online Safety Bill, The scammers new target.
|