"1) People in Cyprus will be reluctant to put any money in savings because now it could randomly and unexpectedly be taxed. "
Check. "2) People in all of the EU may become more reluctant to save any money because now it could randomly be taxed (this was the EU's idea right?)." Check. And it was Germany's idea. Wasn't one of the ideals of the EU to prevent the rise of another Germany ruling over all of Europe? "3) As soon as an EU country's economy looks weak, there will be a run on banks "just in case" they decide to resolve the problem by taking away people's savings." Check. And it might extend outside of the EU. Wonder what is going to happen to the price of gold. Cameron, it is obvious that you do not have a PhD in economics. You actually can see the effects of this and how bad an idea it is. J - What never fails inside the mind of an intellectual never works outside the confines of his head. The worlds stubborn refusal to vindicate the intellectuals theories serves as proof of humanitys irrationality, not his own. Thus, the true believer retrenches rather than rethinks; he launches a war on the world, denying reality because it fails to conform to his theories. If intellectuals are not prepared to reconcile theory and practice, then why do they bother to venture outside the ivory tower or the coffeehouse? Why not stay in the world of abstractions and fantasy? - Daniel J Flyn ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:361937 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
