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Monday 18 March 2013

That Cyprus thing.

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.

Just saying.