REPORT: ITALIAN BANK DECLARES ‘HOLIDAY’
BNI depositors unable to make withdrawals / payments, payments of utility bills, mortgage payments, taxes
Peter Giordano, Adiconsum: “Grave of the Bank of Italy’s attitude that takes action without considering the impact on depositors, and especially on single-income families and pensioners”
BNI depositors unable to make withdrawals / payments, payments of utility bills, mortgage payments, taxes
http://investmentwatchblog.com/report-italian-bank-declares-holiday...
Comment
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Comment by Nathan on June 11, 2012 at 11:43am
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True, Peter.
Odds are that Europe doesn't choose freedom; too painful in the short term (downright ugly even) and even if there was a politician, or party, with the cojones to suggest a path to freedom they'd have no chance in an election.
They'll likely go with some clever plan espoused by an equivocal left-wing wacko because in the short term they won't have to pay the proverbial piper but, will end up in complete misery if not total catastrophe.
Wait....this sounds an awful lot like the choices the citizens in the U.S. are going to have to make.
;)
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Comment by Patriot Pete on June 10, 2012 at 9:12pm
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Europe has come to a fork in the road ... one is called Freedom ... the other is called Communism. Which way to go! geez it's hard isn't it ?
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Comment by Central Scrutinizer on June 10, 2012 at 8:37pm
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rut-ro
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nationalizing private retirement acc. are coming soon.
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Many more to come.
Yep. There is a finite number of steps govts can take in this scenario and a brief perusal of the steps taken in the past 100 yrs will give a clear view of what few steps remain.
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