banks rely on the trust of their depositors (even if I don;t get a good return at least my principle is safe)

by first threatening to loot every savers deposits then going ahead with a "soak the moderately well off" raid they've effectively destroyed all trust in these institutions (limiting the scope of the raid to >euro100k doesn't hide the fact that they've wilfully robbed their creditors)


no matter how you cut it these banks (and anyone who relies on them to do business/hold their money) are truly fucked now.

the couldn't pull another tax the voters to refinance the big banks scam so folks...

roll up roll up for the great recapitalisation of the big euro banks at the expense of the smaller banks and their creditor/depositors show.