Headline from Reuters today: “EU’s Rehn – Big depositors could suffer in future bank bailouts under new law”
So if you had a few quid in an EU bank and were told if the bank cocks up you will be liable would you:
- Leave your money there
- Move it as quickly as possible
How about it comes out of the European Central Bank? Better still, the pockets of the Euro MPs trying to drive Europe into the ground!