On Mon, Mar 18, 2013 at 6:17 AM, Jerry Barnes <[email protected]> wrote:
> But it seems to have been mandated from powers outside Cyprus." > > It was. If this precedent gets set, the long term effects may be worse than the immediate effects. the potentials include. 1) People in Cyprus will be reluctant to put any money in savings because now it could randomly and unexpectedly be taxed. 2) People in all of the EU may become more reluctant to save any money because now it could randomly be taxed (this was the EU's idea right?). 3) As soon as an EU country's economy looks weak, there will be a run on banks "just in case" they decide to resolve the problem by taking away people's savings. This is really dirty stuff. I hope it doesn't happen. -Cameron ... ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:361934 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
