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Did you actually believe that they were not going to use the precedent that they set in Cyprus? On Thursday, EU finance ministers agreed to a shocking new plan that will make every bank account in Europe vulnerable to Cyprus-style bail-ins. In other words, the wealth confiscation that we just witnessed in Cyprus will now be used as a template for future bank failures all over Europe.
[color="Red"]THE BEST ANTIDOTE TO 100 ENEMIES, IS ONE TRUE FRIEND.
if wishes were horses, beggars would ride
Posted : 01/07/2013 12:14 am