The Cyprus precedent ?
 

Cyprus Postpones Vote On Savings Raid Bailout - Yahoo! News UK

Cyprus parliament delays vote on deposit levy to Monday | Reuters

This is definitely one to get the blood boiling.

My wife laughed and said 6-9% is not bad at all. In Brazil they just took everybody's savings and said they knew best.

Given that we are crying over cut a of a few percent of government increase in budgeting. Then I think our government will feel this is a great idea to get us to pay our fair share as Americans.

I am looking forward to this one.....

well, at least, in theory, one can cash out his deposits and keep them in the sock under the matress... it is relatively easy with Euro...

in 1991, then soviet Union, has given the pension and the pay (most people were working for government entities anyways) in 50 and 100 ruble bills, and a week later declared that the old specimens of the 50 and 100 ruble bills were being replaced with a new specimen, and each person was entitled to exchange x amount of rubles a day...
scary, what a government can do...

I read that yesterday. Yesh not good...

interesting development....

Russia Likely To Exploit Its Interest in Providing Aid to Cyprus - SPIEGEL ONLINE

putin has talked to cypriot president on the phone, and expressed his displeasure - russians do not need visas to enter cyprus, and it is a very popular tourist destination - so, they have a mutual interest to keep each other happy... besides, russia has a huge power over europe with its gas lines...;)