The pain and uncertainty isn't over for EU depositors yet....

[crazy_rabbit]

http://www.foxbusiness.com/news/2013/04/06/eu-rehn-big-depositors-could-suffer-in-future-bank-bailouts-under-new-law/

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[edmundedgar]

Uninsured deposits uninsured shock.

[BTC Books]

European Economic and Monetary Affairs Commissioner, Olli Rehn:

"But there is a very clear hierarchy, at first the shareholders, then possibly the unprotected investments and deposits. However, the limit of 100,000 euros is sacred, deposits smaller than that are always safe."

And we all believe that, of course.

[edmundedgar]

And we all believe that, of course.

Nothing's for certain and governments could decide to tax savings regardless of the state of the banks, but given the way the voters responded when Cyprus tried to snaffle smaller deposits it's hard to see another EU country trying it on.

Obviously governments will continue taxing savings the traditional, accepted way, with inflation.