Cyprus Bank Scam Continues

This is really the horror story of the hour, people who put their life savings into a bank account, only to lose most of it. Can’t say that it wasn’t on the cards. but will we learn from their mistakes when it finally happens here, as it most likely will ? How come Cyprus couldn’t do what Iceland did? Ah, yes, the Euro. How did that work out for you guys? I am happy ,as always, to blame the banks for a great deal of this fiasco, but Greece should have known better all along that their economy could not compete with those of Central Europe. so why is Greece so scared to leave the Euro zone ? And if Greece is too scared, what about other bankrupt countries like Italy, Spain, Portugal? Surely one of them will take the money and run ! Waiting with bated breath….

Posted on March 29, 2013, in Economics & Finance, Europe & EU. Bookmark the permalink. 1 Comment.

  1. Maybe it’s a conspiracy…

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