Tuesday, March 26, 2013

Cyprus bail-out: savers will be raided to save euro in future crises, says eurozone chief

This reads more like a funeral dirge than a solution to the EU's problems.

Savings accounts in Spain, Italy and other European countries will be raided if needed to preserve Europe's single currency by propping up failing banks, a senior eurozone official has announced.
If I were in the EU....I wouldn't be for long.

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