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Showing posts with label cyprus. Show all posts
Showing posts with label cyprus. Show all posts

Tuesday, 19 March 2013

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.