EU to use citizen savings to save banks.

[DrLeftover]

Savings accounts in Spain, Italy and other European countries will be raided if needed to preserve Europe's single currency by propping up failing banks, a senior eurozone official has announced.

http://www.telegraph.co.uk/finance/...uro-in-future-crises-says-eurozone-chief.html

 

[Evil Eye]

If I'm reading this right, the title should really be Banks takings customers' money to save themselves because the EU won't give them anymore money.

Which would be more reasonable.

But I might be wrong.

 

[seasidemike]

it is disgraceful,

but you know what.. we all have it coming to us..

we were sold a consumer driven market where we were told we could live the high life on debt... and that is just not possible..



the reason they have us all by the balls, is that we continue to need their money so we can live the lifestyles we feel we now have some kind of right to. As long as we are in debt, we are salves to the system.