Davyd05
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December 17, 2013, 12:54:32 AM



IF the bail in for the eurozone works like that of Cyprus, then you may end up "using" your stash rather than exchanging it for worthless euro's

 Roll Eyes Grin

I don't doubt it, Germany is pretty much slowing the process down cause why would they want to bail in the others Cheesy

You don't understand. A "bail-in" is when depositor money is confiscated to save the bank. It's the scenario Germany wants!

It's the scenario every bank in Europe wants, the entire f'ing economy is based on creative accounting so they'll have no trouble with loss-free bankruptcies to get their hands on savers money.

why would you think Germany who isn't hurting as bad, would want to include their own citizens in that type of bail in?

"Then, if more cash is needed, national resolution funds would be used. And if further funds are needed, these would be pooled from across the region over the next five to 10 years, forming the basis of a common fund." - http://www.cnbc.com/id/101263206

"But details of the plan have proved controversial, with countries such as Germany - the euro zone's biggest economy and therefore the largest contributor to rescue efforts - opposed to a system which would see failing banks tap a euro zone rescue fund." - http://www.cnbc.com/id/101263206