Quote:
Originally Posted by mertle
So got over €100,000 in bad bank your now flat broke. Shocked they took all there deposits unless they been prudent spread it to another country then they are broke.
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You wont be flat broke, it's only money lost above that €100,000. It's not the case that if you have €99,990 euros in your account you're fine but if you've got €100,010 you're screwed. Instead the person with €99,990 loses nothing whereas the person with €100,010 will still have €100,000 untouched but loses €4 above that.