The EU gets ready to remove 10% from all Cyprus bank accounts
The ECB gets ready to take 10% from all Cyprus bank accounts as they need the money to pay the bankers for their Christmas bonuses. Does it concern you? Yes, if you live in Europe, and probably if you live anywhere else on this planet. It appears that the Germans actually wanted to take 40%.
This means that if you have money in a bank account anywhere in Europe then the ECB can decide that a "one-off levy" would be a good idea and can simply order the banks to remove the money from your account? Think it wouldn't happen? Cyprus will set a precedent, if they are allowed to get away with it.
It means in short that your money doesn't belong to you.
With that cheery thought in mind here are some share tips from the newspapers! Good luck, and start hoarding gold and dollars under your mattress.
MIDAS EXTRA SHARE TIPS: Miner poised to strike gold worth £200m - This is Money
MIDAS EXTRA SHARE TIPS: Miner poised to strike gold worth £200mThis is MoneyTipped by Midas at 2761⁄2p in February last year, the shares have risen 39 per cent to 3843⁄4p as the group has delivered robust
Sunday newspaper share tips: Greencoat | Rio Tinto - This is Money
Sunday newspaper share tips: Greencoat | Rio TintoThis is MoneyWe round up shares tips from the Sunday newspapers. This week tipsters tackle Condor Gold, Tesco, Smiths and Cairn Energy. Midas Extra is our premium share-tipping and investing service, ...
2 Shares Set to Beat the FTSE 100 Today - Motley Fool
2 Shares Set to Beat the FTSE 100 TodayMotley FoolLONDON -- The FTSE 100 (FTSEINDICES: ^FTSE ) has slipped below the 6,500 level, down 0.57% to 6,492 as of 8:05 a.m. EDT. The index of the U.K.'s largest shares did scrape its recent five-year high .