How to start a run on PIIGS banks

[Filo]

Tell the savers their money is next to be seized!

Are these Eurocrats really that stupid?

http://www.telegraph.co.uk/finance/financialcrisis/9952979/Cyprus-bail-out-savers-will-be-raided-to-save-euro-in-future-crisis-says-eurozone-chief.html

[Sprotyrover]

British Banks must have paid him a lot of money to say that !!!!

[BillyStubbsTears]

Filo. Amen.

When the historical record is written in 30 years time, looking back at the decade-long carnage that followed the collapse of the Euro, there are some intellectually stunted bell-ends in power in Europe at the moment who will not get a good write-up.

That comment is beyond belief from a professional politician.

RD
Quote by a contributor on Robert Peston's BBC blog

Island economy at edge of EU reliant on banking and courting Russian oligarchs presents implausible budget in response to infeasible high debt:gdp ratio and poor economics. Anyway enough about the UK…In other news, Cyprus got a bailout.