If you still have money in European banks, you need to get it out. This
is particularly true if you have money in southern European banks. As I
write this, the final details of the Cyprus bailout are being worked
out, but one thing has become abundantly clear: at least some depositors
are going to lose a substantial amount of money. Personally, I never
dreamed that they would go after private bank accounts in Europe, but
now that this precedent has been set it should be apparent to everyone
that no bank account
will ever be considered 100% safe ever again.
1 Comments in Response to Words Of Warning: Get Your Money Out Of European Banks
You might keep an eye out on American banks too......only fools say it can't happen here.....just as they said the Govt. couldn't/wouldn't confiscate gold back in the 30's.