New Cyprus plan is preparing as we speak on Eurozone (just a feeling that i have from mixing the puzzle )
Fiat holders have to enter as we speak or they will cry after...
Got more information about this?Fiat holders have to enter as we speak or they will cry after...
He's right. Read here:
http://www.europarl.europa.eu/news/en/news-room/content/20131212IPR30702/html/Deal-reached-on-bank-%E2%80%9Cbail-in-directive%E2%80%9D
very good article thanks for that........ i wonder if the fiat holders have read that....
i might be wrong but most of the times i had a feeling was 100% right....
the same feeling i had before 2 years to enter BTC world.......
It says
"Press release - Economic and monetary affairs − 12-12-2013 - 10:16
Parliament and Council Presidency negotiators reached a political agreement Wednesday on the draft bank recovery and resolution directive, the first step towards setting up an EU system to deal with struggling banks. This directive will introduce the “bail-in” principle by January 2016, thereby ensuring that taxpayers will not be first in line to pay for bank failures."
I am a noob, but this sounds like: People have to fear LESS that their bank-money is taken away by them (therefore less interest to put money in bitcoin, not more). (?)
You didn't understand the whole thing I guess.
Bail-in basics
The directive establishes a bail-in system which will ensure that taxpayers will be last in the line to the pay the bills of a struggling bank. In a bail-in, creditors, according to a pre-defined hierarchy, forfeit some or all of their holdings to keep the bank alive. The bail-in system will apply from 1 January 2016.
Now is it clear?
Wonder what the pre-defined hierarchy of creditors is, and how high are peoples checking accounts are on that list. So as long as you don't own any bonds or have any money in any bank you're money will be taken last?
