Here We Go Again: EU Lawmaker To Push For Bail-In Resolution Law For Deposits Over €100K !

• It appears the fuse is lit for the destruction of the Eurozone financial system! Thus, triggering the global economic, financial and currency collapse!! Why would anyone keep money in any Eurozone bank when they could be rob at any time? This will definitely trigger bank runs. Wealthy depositors will withdraw their monies and the poorer people with deposits of less than €100K will follow along. Anyone with less than  €100K in the bank who thinks they are safe is insane. When billions of Euros are withdrawn in massive bank runs by the rich, banks will collapse overnight.
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• It is obvious that these Eurocrats aren’t that stupid. They understand the implications of what they are saying and doing ie. bank runs throughout Eurozone! So this is definitely deliberate incompetence, intentional collapsing of the financial system to bring about their Federation of 10 European countries: the Revived Roman Empire, EU 2.0 ! This is their Satanic philosophy: Order Out of Chaos, in action!
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  Here We Go Again: EU Lawmaker To Push For Bail-In Resolution Law For Deposits Over €100K! 
  by Tyler Durden, www.zerohedge.com
  Here we go again:
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  EUROPEAN PARLIAMENT TO PUSH FOR DEPOSITORS WITH ABOVE 100,000 EUROS TO FACE BAIL-IN UNDER NEW BANK RESOLUTION LAW – EU LAWMAKER – RTRS
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  Basically, this is DieselBOOM ver 2.0. How long until someone scrambles to announce that this, too, was taken out of context? More as we see it but the EURUSD sure isn’t waiting. Instead, it is plunging.
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  Full Reuters article:
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  The European Parliament will demand that big savers take losses if their banks run into trouble, a senior lawmaker told Reuters, adding momentum to a policy unveiled as part of a Cypriot bailout.
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  Although some policymakers have sought to portray Cyprus and the losses suffered by depositors at two of its banks as a one-off, many experts believe it marks a dramatic change in tack in how Europe deals with troubled banks, to spare taxpayers who have been on the hook for previous bailouts.
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  Jeroen Dijsselbloem, head of the Eurogroup of euro zone finance ministers, said on Monday that in future, the currency bloc should first ask banks to recapitalise themselves, then look to shareholders and bondholders and then “if necessary” to uninsured deposit holders.
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  Now the likelihood is rising that tough treatment of big depositors will be written into a new EU law, making losses for large savers a permanent feature of future banking crises. 
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  read more!

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