Telegraph: Reports the following from EU on Cyprus, " European finance ministers have urged Cyprus to exempt small savers from a planned tax on bank deposits after the prospect panicked markets and prompted a Russian threat to withdraw financial aid. ".
Lets Get Real:
Thus folks it has finally happened, the Euro is forcing a Country to steal the hard earned money of its savers and the Russians. Think about this folks, a EU Country is planning to raid the savings of its people, if this happens in Cyprus expect this model to be followed in other Countries that ask for a bailout. One can see the PIIGS sooner or later asking for another bailout, the exception being Ireland, they seem to have gotten their house in order, and are back on the bond market. The rest it can be argued will need some form of bailout in the future, thus savers in Italy, Spain can expect to have their money stolen sometime in the future. The really rich will have gotten their money out already, thus it will be the Middle Class and the real poor that will get shafted by the the EU and the Euro. One can a bank run on Thursday in Cyprus, the people if they have a brain will get ALL their money out, thus Cyprus will need extra funds from the EU, what else will Germany ask for, will the demand the mineral rights for Cyprus, will Cyprus have to become a economic colony of Germany, you argue that is out there, what about stealing the savings of the people of Cyprus.
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