Euro Group Head: Looting of Bank Accounts a "Template for EU"Submitted by emalvini on Mon, 03/25/2013 - 20:39
Euro Group Head: Looting of Bank Accounts a "Template for EU"
More deposits to be plundered across continent
Paul Joseph Watson
March 25, 2013
The looting of private bank accounts to cover the gambling losses of big banks is a new template for the euro zone, according to Dutch Finance Minister and President of the Eurogroup of euro zone finance ministers Jeroen Dijsselbloem.
With savers in Cyprus set to have 40% of their wealth plundered in order to fund an EU bailout package, Dijsselbloem indicated that this new model of “bank restructuring” was set to be replicated across the continent.