Re: A new EU Bail-In?
 

http://www.zerohedge.com/news/2013-1...ew-record-high
not good...

as for the tax, would it not be for accounts holding EUR 100,000+ ? as in Cyprus. that case was particular: going after dirty russian money there.

as for leaving euro, question of time. unless a miracle happens.

Re: A new EU Bail-In?
 

I don't live on another planet (I hope), but if I did I would agree with the IMF when it suggests that the only way to cut the excessive debt around the world is for each country to impose a one-off tax on its citizens to reduce it. It appears that 10% would be enough.

It could never be done with democratic assent from the majority, so it would need to be done by a direct government raid of peoples savings, right across the board, from the rich and the poor.

It can't ever happen, can it?

Re: A new EU Bail-In?
 

Another indication of improvements to come in the Spanish economy:-
http://cincodias.com/cincodias/2013/...97_434880.html

I don't think any of this points to a need to raid people's savings.

Re: A new EU Bail-In?
 

What they fail to point out is that most of the countries they are comparing with have reached pre 2008 highs. Spain has a long way to catch up...was about 15,500.

Re: A new EU Bail-In?
 

http://finance.yahoo.com/q/bc?s=EWP+Basic+Chart&t=2y
seems so.
exports and tourism going well.
"usually" the market anticipates by 6-12months what's to happen in the real economy.but let's be cautious.
if something happens next year, could fall back.http://finance.yahoo.com/q/bc?s=EWP&...=on&z=l&q=l&c=
still lower highs.

Re: A new EU Bail-In?
 

it can, and did; in Italy early 90's.

Re: A new EU Bail-In?
 

I didn't know that, but it seems right to me.

During troubled times in the past we've had Your Country Needs You and we've sent our children off to die in foreign fields.

Isn't it better to allow our government to take away 10% of our savings when they need us?

I suppose the expats have a problem with Your Country.

Re: A new EU Bail-In?
 

No

I just have a problem with the fact that I've already paid 40% tax on my income for years, Ive saved hard and worked hard so that I can accumulate funds in order that I can retire in comfort without being a burden to the country .... you know, like the governments been telling us to do for years.

Now I get no interest on my savings, the whole financial world went tits up because of useless bankers and governments ... pension annuities hit a low so your return is crap ..... and you ask isn't it better for them to take 10% more of our savings??? :)

Re: A new EU Bail-In?
 

Come on Mitzy, your country is in dire need. If you've got 100 quid in the bank, they going to nick a tenner; if you've got ten million in the bank, they're going to nick a million. It's peanuts either way.

I'm not an economic expert, but the people at the IMF are, and they've got no personal interest in what happens, they're paid to give us the best guidance possible.

Maybe the reason I'm not that concerned about losing the ten percent is that I've lost a lot more than that over the years mostly for being stupid - I didn't even get the Royal Mail shares I applied for because I left it too late.

Re: A new EU Bail-In?
 

I am confused, are you saying that it the country would have taken 10% of savings, there would have been not war involving the UK?

Or that if they take 10% of savings then no more boys will lose their lives in wars?

I don´t think there is an "either/or" choice.

The 10% is not to save soldiers and conscripts lives, it is to enable banks to keep paying the chiefs a big big bonus.:thumbdown:

Re: A new EU Bail-In?
 

I was making the point, badly on reflection, that in past times of economic woes, countries went to war to replenish their treasury.

I'm pushed to think of a suitable example because it's late, but Spain replenished their treasury by raiding the Aztec gold.

I'm trying to explain the spoils of war, but I've had a long day.

Re: A new EU Bail-In?
 

I dont think you'll find that to be the general attitude to it, and I further feel that ANY government of the UK that allows that to happen will NEVER get into power again.

I dont regard that an extra 10% tax on my hard earned savings is peanuts and neither will many others

Re: A new EU Bail-In?
 

again the cyprus was particular imho: its public knowledge the russians
were putting money there, tax evasion.
http://www.businessweek.com/articles...-suspicious-eu

Re: A new EU Bail-In?
 

If I for one minute believed that such a measure would significantly reduce the overall debt of the EU enabling member states to prosper then I would in all likelihood support such a move.

I doubt any EU Government would risk political suicide with such a crass and unfair model.

Re: A new EU Bail-In?
 

Usually the people supporting this pay FA:lol: