System preparing for “bail-in” robbery – European politicians want to protect small depositors as if suddenly it’s okay to rob anyone’s account to bail out banks
MEPs vote to protect small bank depositors
Nikolaj Nielsen, EUobserver.com | May 21, 2013
. . . “The bail-in of any creditors should be done according to a clear hierarchy, with depositors with savings over €100,000 last in line, whilst deposits under €100,000 would be fully protected,” said Green economic and finance spokesperson Philippe Lamberts in a statement. . . .