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View Diary: Bank Run in Cyprus, Will it Spread to Southern Europe? (322 comments)

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  •  They're going to exempt small depositers I (2+ / 0-)
    Recommended by:
    DRo, Cliss

    think, under 25K euros. Whole thing stinks.

    Even if I knew that tomorrow the world would go to pieces, I would still plant my apple tree. -Martin Luther

    by the fan man on Sun Mar 17, 2013 at 02:23:16 PM PDT

    •  Is this the usual? (4+ / 0-)

      Announce something horrible so folks will be relieved when it's just bad?

      Seems to me that when you invalidate deposit insurance there is no way this can turn to good and be forgiven.  Deposit insurance is something all governments guarantee and if it is bypassed it deals a blow to trust across the board.

      Be the change you want to see in the world. -Gandhi

      by DRo on Sun Mar 17, 2013 at 02:33:59 PM PDT

      [ Parent ]

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