Bank bail-ins allow banks to help themselves to your money.
If the banks fail, EU Directives now allows them to help themselves to depositors savings in order to avoid collapse. Bankers and shareholders (who benefit from all the profits) dont pay for their mistakes, depositors do.
In Austria, savers just lost 54% of their money overnight. It happened in Cyprus in 2013 with a sudden, extended closure of the banks and withdrawals limited to €100. Those depositors with over €100,000 lost 40% of their money (Bank of Cyprus) or 60% (Laiki).
More legalised theft from the EU in the name of The European Bank Recovery and Resolution Directive.
www.superstation95.com/index.php/world/1142
I'm out.
Please or to access all these features
Please
or
to access all these features
Brexit
Bail ins - banks can steal your savings under EU directives. In Austria savers have just lost 54% of their savings.
18 replies
AnnaForbes · 13/04/2016 13:18
OP posts:
Please create an account
To comment on this thread you need to create a Mumsnet account.