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Dijsselbloem (Europe FM) shocker is U.S.ís template, too (Cyprus)
Marketwatch ^ | March 25, 2013, 1:26 p.m. EDT | MarketWatch First Take

Posted on 03/25/2013 12:34:21 PM PDT by Ernest_at_the_Beach

Commentary: U.S. uninsured depositors can and do take losse

True, it was news that Dutch Finance Minister Jeroen Dijsselbloem was making that acknowledgment. The European finance ministers had been stressing as recently as last week that the opposite was the case, that Cyprus was a special situation.

Dutch Finance Minister Jeroen Dijsselbloem is president of the Eurogroup council.

The market genuinely was shocked.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; Foreign Affairs; Germany; Government; Israel; News/Current Events; Russia; United Kingdom
KEYWORDS: cyprus; europeanunion; eurozone; germany; greece; israel; italy; russia; turkey; unitedkingdom

1 posted on 03/25/2013 12:34:21 PM PDT by Ernest_at_the_Beach
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To: Ernest_at_the_Beach

Dutch Finance Minister Jeroen Dijsselbloem is president of the Eurogroup council.


2 posted on 03/25/2013 12:36:50 PM PDT by Ernest_at_the_Beach ((The Global Warming Hoax was a Criminal Act....where is Al Gore?))
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To: Ernest_at_the_Beach
**********************************EXCERPT*********************************************

It’s certainly not wise for government officials to effectively sanction a bank run — at the top end of the deposit spectrum, anyway.

3 posted on 03/25/2013 12:38:04 PM PDT by Ernest_at_the_Beach ((The Global Warming Hoax was a Criminal Act....where is Al Gore?))
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To: Ernest_at_the_Beach
It’s certainly not wise for government officials to effectively sanction a bank run — at the top end of the deposit spectrum, anyway.

Anyone in with accounts in Portugal, Spain, Italy, Greece or what is left of Cyprus who didn't have their track shoes on for a bank run just isn't paying attention and falls under the definition of "fool" in "a fool and his money are soon parted".

4 posted on 03/25/2013 12:40:59 PM PDT by KarlInOhio (Choose one: the yellow and black flag of the Tea Party or the white flag of the Republican Party.)
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To: All
Stocks trim losses as Cyprus comments recast

Comments by Eurogroup chairman help push equities into red

5 posted on 03/25/2013 12:41:11 PM PDT by Ernest_at_the_Beach ((The Global Warming Hoax was a Criminal Act....where is Al Gore?))
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