Quote:
Originally Posted by martyh
So why all of a sudden has raiding peoples bank accounts become acceptable? .Why wasn't this policy used with Greece,Italy or indeed the UK ?
and will it be considered for french deposits should they need a bailout?
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I think the issue was the amount of cash needed relative to GDP. If I'm not mistaken, investors (rather than savers) also lost money in the Greece bailout.
There's also the issue that the leaders of Northern European countries are finding it increasingly hard to justify these bailouts to their voters. It's by no means a certainty that this money will be repaid.