The recent bail-in in Cyprus has opened a Pandora's box in the euro zone and has caused an unprecedented collapse of confidence, the life blood of any currency. Investors and deposit holders all over the continent have realized their money is no longer safe from indebted, grabbing governments.
No one knows at this stage what the impact of the eurogroup's new bank resolution policy will be. Is the looting of private money a major game changer? Is it regarded as a revolution or incrementalism without much consequence? Check the infographic >>>
Read also
- The Slog: EUNATICS & EUNUCHS EXCLUSIVE: Dijsselbloem’s new template…Capital Controls Are Coming
- ZeroHedge: 3 Types of Contagion And What They Mean For The Global Economy