Cyprus Bail-Out: Savers Will Be Raided to Save Euro in Future Crises, Says Eurozone Chief !

- The message is very clear: your money in the bank is not safe! The rich will withdraw their monies and go to safe havens like physical gold/silver! Do not be the last to get your money out of Eurozone banks! Massive bank runs will come soon, it may already be happening behind the scenes! Do we really believe: millionaires, billionaires are too dumb to understand the implications? This will cause bank holidays, riots in the streets, civil unrest … Look at what is happening in Cyprus now. It will happen in the rest of the Eurozone and America too!
– - The global economic, financial and currency meltdown is coming, sooner than most people think probable. The next step in the Illuminist plan is Albert Pike’s Satanic World War 3! Keep an eye on the Middle East. I no longer believe the North Koreans are bluffing. Kim Jong Un, the North Korean president, is probably insane. Or more likely an Illuminist-Satanist told during past covert visits by Anglo-American Illuminists to start the war! See: LEFT IN THE DARK: Secret U.S. Military Flights Carried Officials, Equipment to N. Korea! Ask yourself this: Why did Eric Schmidt, CEO of Google, Bilderberg member, visit North Korea in January?
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Cyprus bail-out: savers will be raided to save euro in future crises, says eurozone chief!
by Bruno Waterfield, in Brussels, http://www.telegraph.co.uk/
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.
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The new policy will alarm hundreds of thousands of British expatriates who live and have transferred their savings, proceeds from house sales and other assets to eurozone bank accounts in countries such as France, Spain and Italy.
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The euro fell on global markets after Jeroen Dijsselbloem, the Dutch chairman of the eurozone, told the FT and Reuters that the heavy losses inflicted on depositors in Cyprus would be the template for future banking crises across Europe.
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“If there is a risk in a bank, our first question should be ‘Okay, what are you in the bank going to do about that? What can you do to recapitalise yourself?’,” he said.
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“If the bank can’t do it, then we’ll talk to the shareholders and the bondholders, we’ll ask them to contribute in recapitalising the bank, and if necessary the uninsured deposit holders.”
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Ditching a three-year-old policy of protecting senior bondholders and large depositors, over €100,000, in banks, Mr Dijsselbloem argued that the lack of market contagion surrounding Cyprus showed that private investors could now be hit to pay for bad banking debts.
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