McGrath: Bankers Just Set A Horrible Precedent

Ellen Brown agrees:

The deal pushed by the “troika” – the EU, ECB and IMF – has been characterized as a one-off event devised as an emergency measure in this one extreme case. But the confiscation plan has long been in the making, and it isn’t limited to Cyprus…

http://www.washingtonsblog.com/2013/03/the-cyprus-bank-battle-the-long-planned-deposit-confiscation-scheme.html

 

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