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First Cyprus, Then Poland, Now These Savings Accounts to Get Confiscated Next
by Michael Lombardi, Profit Confidential
The savings of 500 million individuals living in the European Union are on the line.https://www.blogger.com/blogger.g?blogID=7720353173141418796#editor/target=post;postID=1693735497269302618
Let me explain:
We all know Cyprus, one
of the smallest countries in the eurozone and part of the European
Union, went through what many feared. To save itself from default and
pay down its out-of-control national debt, the government imposed a
one-off capital levy on the bank accounts of individuals in that
country. If you had more than a certain amount of money in your savings
account, the government outright confiscated a portion of it.
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