Article

2013-03-25 Britain

Nigel Farage Message To Europeans: "Get Your Money Out While You Can"

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Posted by Besoeker 2013-03-25 00:00|| || Front Page|| [2 views ] Top

#1 Iff CNBC this AM is any measure, CYPRUS CRISIS = EU in about 10 years???

Posted by JosephMendiola 2013-03-25 02:44|| 2013-03-25 02:44|| Front Page Top

#2 Not certain it will take as long as 10 years Joe. If those Cypriot depositors are robbed, the entire Euro banking system could face some pretty sobering consequences. Our taxation, currency devaluation, and soon to arrive hyperinflation will rob the Forgotten Man more discreetly. A much, much more civilized approach.

Posted by Besoeker 2013-03-25 03:01|| 2013-03-25 03:01|| Front Page Top

#3 Additional on bail out

Posted by Besoeker 2013-03-25 03:33|| 2013-03-25 03:33|| Front Page Top

#4 The "big money" is certainly sitting elsewhere. As money has to work, as a shark must swim, it's still nibbling at the eurine periphery tho...

Posted by M. Murcek 2013-03-25 12:32|| 2013-03-25 12:32|| Front Page Top

#5 The problem is that there is far too much credit money, and/or far too little real money. Oh and the political elite are not going to reduce credit money as it's their pot to leech from.

Posted by Bright Pebbles 2013-03-25 15:59|| 2013-03-25 15:59|| Front Page Top

#6 There are lot of things wrong with the euro and eurocrats but I fail to see how the EU is "robbing" people's saving accounts in in Cyprus.

The banks in Cyprus have invested way over their head, they have taken in 60bn of Russian money paying interest rates they couldn't really afford.

So now they are broke and want EU help. Are we going to bail out Russian investors? [Insert Russian expletive here].

The idea to touch the small savings accounts was never voiced by the EU but by the Cypriot government which anted to keep its Russian investors.

Posted by European Conservative 2013-03-25 22:48|| 2013-03-25 22:48|| Front Page Top

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