7 votes

Eurozone Chief: Personal Savings Accounts In Spain, Italy Will Be Raided To Save Euro - VIDEO

Eurozone Chief: Personal Savings Accounts In Spain, Italy Will Be Raided To Save Euro - VIDEO

By Bruno Waterfield | Brussels | 5:11PM GMT | 25 Mar 2013

The new policy will alarm hundreds of thousands of British expatriates who live and have transferred their savings, proceeds from house sales and other assets to eurozone bank accounts in countries such as France, Spain and Italy.

The euro fell on global markets after Jeroen Dijsselbloem, the Dutch chairman of the eurozone, told the FT and Reuters that the heavy losses inflicted on depositors in Cyprus would be the template for future banking crises across Europe.

"If there is a risk in a bank, our first question should be 'Okay, what are you in the bank going to do about that? What can you do to recapitalise yourself?'," he said.

Read more: http://www.telegraph.co.uk/finance/financialcrisis/9952979/C...



Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

How about jail

for bankers and politicians?

are POLICE & military used to keep order...

...having their bank accounts raided?

You'd hope they would "side" with the common folk...they're not paid banker/politician wages..

Wow, its like they are

Wow, its like they are purposely trying to get people pissed off. I cant wait to hear Nigel Farrage's response to this.

We all share this eternally evolving present moment- The past and future only exist as inconsequential mental fabrications.