Eurozone is over!

Posted: March 16, 2013 in Governments, Junkyard, Police State, Politics, The End Is Nigh
Tags: , , ,

It’s over, the Eurozone just signed its death sentence.

The Cyprus bailout was agreed, and as part of the agreement all bank deposits over 100000 in Cyprus were reduced by 9.9% and by 6.75% under 100K
Bank ATMs were shut down, and the deposits were already automatically robbed. The entire system was all ready and prepared, they just had to press a button.

People are furious, politicians are already openly talking about leaving the Eurozone.1363455682353
But what’s worse, this is going to affect all Southern European banks, that need capital as people moved their deposits to Northern Europe.

On Monday, there will be bank runs in Greece and Spain. This is not up for debate.

This was Germany message to Europeans that the only place where their deposits are safe now is Germany and Luxembourg.
Cyprus was well known to handle Russians’ deposits as a launder, much like Luxembourg and Switzerland. Germany made sure to stop that.

Funds to pay the levy were frozen in accounts immediately, ECB Executive Board Member Joerg Asmussen said. The levy will be assessed before Cypriot banks reopen on March 19 after a March 18 national holiday. Sarris said electronic transfers will also be limited until then.

Cypriots have been taking bulldozers to the banks to try and make withdrawls.

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