European Nightmare: Cyprus Rejection Sets Up A Crash In Markets - Nigel Farage

"The Worst Mistake they've yet made in this Eurozone crisis, I don't see any way back!"
"If they accept these terms they are effectively kissing goodbye to their banking system! ...Downside loss is just going to be huge!"

“Even my direst predictions about what the bureaucrats in Brussels would do to prop-up the failing eurozone crisis, even I didn’t predict they would resort to theft, and that is all you can call this.  It is theft.  It is the breach, of course, of their deposit guarantee they put in place in 2008.”

“And perhaps on a higher level it’s actually a breach of the basic principle of the rule of law, which is one of the governing functions of the whole of our Western civilization.  So it is a truly astonishing thing that they (central planners) have done.

Have they thought through the consequences of this?  Because if you do it once (steal from bank depositors) in one eurozone country, what’s to stop you from doing it again in another eurozone country?.... Source full story / KWN