You’re walking along the road, minding your own business, when a man walks up to you and demands you handover your wallet.
In your wallet is 100 euros.
The man opens your wallet and takes out 7 euros, and then walks off.
What just happened? In my mind it is just straight theft. To the EU it’s just a way of balancing the Euro books.
After this little escapade I can see that anyone in the southern EU area (Spain, Portugal, Greece. etc) will now quietly begin withdrawing their savings from the banks. (Well I would).
I suspect that that little theft is going to cause more problems to EU banks that are up shit street already.