EuroBankers tried to coerce Cypriot banks into STEALING savings from depositors! (Condition of bailout.) Oh, but only from the BIGGEST accounts. Anyone with any money in a European Union bank is trying to withdraw it now.
What a fiasco! But then you know U.S. banks will try to have the government do the same thing if they become undercapitalized because of mismanagement.
"“What we have seen in the last few days is a very serious blunder by European governments that essentially are blackmailing the government of Cyprus to confiscate the money that belongs rightfully to depositors,” said former Cyprus central banker Orphanides.
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