Cyprus government’s ‘great bank robbery’ of private accounts
There’s only one reason people leave money in a bank: because they think it’s safe there. They think they can get their money back out when they ask for it. This trust is what makes bank accounts possible, and without this trust, there is no longer any reason to put money in any bank.
Read More: http://economicrisis.com/cyprus-governments-great-bank-robbery-of-private-accounts-may-set-off-bank-runs-across-europe/2206