Quote:
Originally Posted by KlenTelaris
Nah no need to go out of europe,this happen only in screwed countries with big debt.And speaking about south america, Argetina did much worse thing then this,see: http://en.wikipedia.org/wiki/Corralito
So basicly avoid screwed countries in europe like Spain,Ireland,Portugal,Itaiy and Greece.(Also know as P.I.I.G.S) |
Many investors will pull out of EU and many will not come since from now it is clear that your money is not safe in the EU banks. And the fact that they labeled this pussy move a "once-off tax" is simply a way to circumvent (sp?) the EU guarantee on the bank deposits. This will likely get challenged legally and hopefully get reversed; actually, I think it still needs to get approved by the Cypriot parliament