Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
>You're saying that stealing money from that majority of un-wealthy depositors who keep meagre savings in their high street banks is 'harmless'?<

Where exactly have I said that?

>Is there really no independent deposit insurance in Cyprus?)<

 >in order to backstop the risky investments of financial professionals.>

As long as you demand that every depositor - deposit one euro, one million euro, a billion euro - is paid out in full you are demanding the backstop.

by IM on Mon Mar 18th, 2013 at 03:32:50 PM EST
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