Economics



Warning: European Guidelines for Looting Your Bank Accounts Are Now Official
Published by Philippe Herlin | Dec 18, 2013 | Articles

We’ve already talked about what happened in Cyprus last April : the confiscation of bank accounts over 100,000 euros to shore up local failing banks. We also explained that it was but a rehearsal for future settlement of banking crises : directly looting depositors’ accounts. And, case in point, there is a project being put in place to formalise this procedure.

Read this article