Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Seismo who wrote (47302)	3/16/2013 11:30:29 PM
From: Copeland	1 Recommendation Respond to of 219463

If you live in Southern Europe, there really isn't any reason why you should have money in a bank on Monday. Essentially 0% savings rates on deposits and now, the potential for a 5-10% levy on your account should your government reject "austerity" measures. This could easily happen here should Asia decide to dump treasuries en masse.

To: Seismo who wrote (47302)	3/17/2013 12:59:14 PM
From: fred woodall	Read Replies (1) \| Respond to of 219463

From the Free Republic Website: This is how it went down: Banks first cooperated with the EU by sealing off the amount of the proposed levy—a 6.75 percent tax on deposits under €100,000 and 9.9 percent on those above —making it impossible for depositors to access their full amount. The only means bank customers have left is the ability to draw from the rest of their funds via ATM machines this weekend. Many depositors made their way to the machines on Saturday to drain their accounts. But the few banks that opened on Saturdays did so only briefly, and no international transfers will be able to go through until Tuesday, with Monday being the holiday. Cyprus’ Parliament is expected to meet Sunday to pass the required legislation., or after the deed was done. The deal also needs the approval of several eurozone parliaments; at the time