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| There will be a run on the Cypress Banks when they open so people can get what is left before they take that too. What about the other EU countries that are in bad shape, are they also going to steal deposits? I hope the Cypress people revolt and the banks fail so nobody will try this again. In the US they just print more money and slowly devalue the deposits instead of outright stealing them, in the end it's the same thing. | |
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Black Swan on the horizon ?
