It happens too "fast and furious." This happened in Italy over a decade ago, but now it is becoming the part of the Government "Fairness" doctrine for controlling the populace for its own good.
Revolt may be in the works, and should be!
Watch out for Obama, he thinks your money is his! m/r
ATMs drained as bailout tax triggers run on bank deposits
Nicholas Kulish 3-18-13
In a move that could set off new fears of contagion across the eurozone, anxious depositors drained cash from ATMs in Cyprus on Saturday, hours after European officials in Brussels required that part of a new €10 billion ($12.6 billion) bailout must be paid for directly from the bank accounts of savers.
The move - a first in the three-year-old European financial crisis - raised questions over whether bank runs could be set off elsewhere.
Jeroen Dijsselbloem, president of the group of euro-area ministers, on Saturday declined to rule out taxes on depositors in countries beyond Cyprus, although he said such a measure was not currently being considered. Although banks placed withdrawal limits of €400 on ATMs, most of them had run out of cash by early evening. People around the country reacted with disbelief and anger.
''This is a clear-cut robbery,'' said Andreas Moyseos, a former electrician who is a pensioner in Nicosia, the capital. Iliana Andreadakis, a book critic, added: ''This issue doesn't only affect the people's deposits, but also the prospect of the Cyprus economy. The EU has diminished its credibility.''
Read more: http://www.theage.com.au/world/atms-drained-as-bailout-tax-triggers-run-on-bank-deposits-20130317-2g8rx.html#ixzz2NoB5XwZT
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