Tuesday 19 March 2013

Germany now demands payback

In my recent blog I wondered why it was that Germany seemed not to mind being responsible for and paying for  all of Europe's debts.
I spoke just too soon
Germany obviously does mind and is now saying - no more
Poor old Cyprus. Imagine suddenly being told that your government is going to take part of your precious hard earned savings from your bank account
Especially when the EU had promised to protect bank accounts up to a certain level.
Apparently the only option otherwise would be Cyprus and it's  banks going bust and everyone losing all their money.
England very kindly bailed out our two Scottish banks, otherwise an awful lot of people here would have lost all their money.
The message for us all is that our savings are not safe in any bank  in Europe.
The trouble is where on earth to put them

1 comment:

  1. Apparently Cyprus has some natural gas reserves. One suspects that Germany would like to get their hands on them rather than having to depend on Russian gas. There's method in their madness!

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