So these banks are basically insolvent, aren't they. They're just spent the last 18-24 months humming loudly with their fingers in their ears outside the offices of the financial regulators, hoping the people inside will get the message that they have to do something before the whole charade is exposed publicly.
"but these measures aren't ratified until 2016!" Except that they can be brought into effect before then in an "emergency". Cyprus bail-in and Greek capital controls were both such unexpected emergencies that well-connected business people and politicians mysteriously moved huge amounts of money out of the country before the "emergency" "happened".
Topic: EU nations agree rules on bank bailouts - replay of Cyprus bank crisis - page 2. (Read 1768 times)
December 12, 2013, 11:50:15 AM
December 12, 2013, 10:29:14 AM
I am glad that they are only seizing the bank accounts. At least the real estate and the bullion assets are safe (aren't they?).
Yep it is "ONLY" for bank accounts...
December 12, 2013, 10:28:06 AM
I am glad that they are only seizing the bank accounts. At least the real estate and the bullion assets are safe (aren't they?).
December 12, 2013, 09:47:05 AM
Looks like Cyprus bank crisis was only the test...
http://www.eubusiness.com/news-eu/banking-parliament.s4c/
Dreams about bitcoin for $10k dollars not so impossible right now...
So if you are from EU and have more than 100k euro on your account. Better exchange your excess onto crypto currencies.
http://www.eubusiness.com/news-eu/banking-parliament.s4c/
Dreams about bitcoin for $10k dollars not so impossible right now...
So if you are from EU and have more than 100k euro on your account. Better exchange your excess onto crypto currencies.
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