Euro Area

[gaelic cowboy]

http://www.telegraph.co.uk/finance/9...-bail-out.html

I thought the EU was mad, now I know it is. Idiots.

The Cyprus bailout if it took 100% of savings couldn't be paid for.

Also what an incentive to take your savings out at a time when banks in Cyprus require capital. They will hit them for 10% over the weekend and then people will withdraw 100% monday morning, monday afternoon cyprus needs new bailout.

Also there basically penalising ordinary savers for what the EU elite caused by kicking the can so long with Greek banks.

Plus the russian oligarch thing is over played in the media there generally residents and there also generally russian banks