Government takes personal savings accounts

[Happy Panther 3,904]

In Cyprus

http://www.guardian.co.uk/world/2013/mar/16/cyprus-eurozone-bailout-anger

European finance ministers have agreed an £8.7bn bailout for Cyprus which includes all Cypriot bank customers handing over up to 10% of their savings.

______________________________________

"As it is a contribution to the financial stability of Cyprus, it seems just to ask for a contribution of all deposit holders," the Dutch finance minister, Jeroen Dijsselbloem, who chaired the meeting in Brussels, told reporters.

This is pretty amazing on a bunch of levels. It's obviously a dangerous precedent. But the dutch guys saying it is "just" to take personal savings is beyond absurd.

[thefuzz 3,843]

Don't worry, this will be coming to a state near you at some point.

[Happy Panther 3,904]

All my money is buried in the backyard.

[Niner National 535]

Seems more fair than making the German citizens pay for another bailout.

[thefuzz 3,843]

Seems more fair than making the German citizens pay for another bailout.

It's time for the government to sleep in the bed that they have made.

[Happy Panther 3,904]

Seems more fair than making the German citizens pay for another bailout.

Please.

Germany has benefited greatly (more than any other country from a financial sense) from being in the EU despite the fact they want to act as if they are supporting every other country. Germany should be bailing out its fellow EU members.

http://www.businessinsider.com/germany-benefits-from-the-eurozone-2011-4

[Luke Cage 539]

Don't worry, this will be coming to a state near you at some point.

No it won't. If you really think that something this absurd could transpire in the USA you need to have your head examined. Typical right-wing unfounded exaggeration. 'Gubbmint wants all mah guns, gubbmint wants mah freedom, gubbmint wants mah savings account'.

[thefuzz 3,843]

No it won't. If you really think that something this absurd could transpire in the USA you need to have your head examined. Typical right-wing unfounded exaggeration. 'Gubbmint wants all mah guns, gubbmint wants mah freedom, gubbmint wants mah savings account'.

I wonder if the founding fathers could imagine a central government that spends 25% of the entire GDP of the nation they were founding.

Keep your head in the clouds....that's where they want it.

[rodeo 13,213]

Remember when Hostess took their employee's pensions and nobody cared? Amazes me how blind some people are to bullshit because it's labeled 'corporate' instead of 'government.'

[thefuzz 3,843]

Remember when Hostess took their employee's pensions and nobody cared? Amazes me how blind some people are to bullshit because it's labeled 'corporate' instead of 'government.'

Psssssttttt....people like me think it's foolish to expect a pension, or social security. You better be taking care of yourself and your loved ones, and not expecting any company or government to do so.

Weak Sauce Rodeo.