If you had spare money right now - which I do, in advance of using it to build a house - what would you do with it? For "safety"? Just wondering, as ours has been safe so far, but we haven't got any interest from it (again, that's OK but with inflation the value of it is going down).
it's not safe any more in banks
Generally it is media who want you to belive that it is not safe in banks :-) As competition is stronger with each day, and if bank system of your competitor don't have money it is big plus to you :-)
My position is simple - ban all cash. Next - nationalize all private banks.
It's almost impossible to imagine any sensible solution to this economic mess - even if you have money, you get no return on it and it's not safe any more in banks.
@subco we withdrew most of our savings in Oct 11 when the first Euro crisis was gathering speed. We are renting and intend to build a house but even that is looking risky now!
Protest against corrupt politicians. In Italy now we accept that they are corrupt and steals, no wonder about this, and not resign no matter what scandal are involved. People says anyone do anything and if we had them we will too. Protest won´t change the fact that the crisis is now here, but at least it should continue to stumble the fact that they continue to tax the normal people and this month they have bought all the blue cars new (representation cars don´t know if is the right name in English)
Protests won't change anything.
As for considering withdraws, they can have good consequence.
I mean total and absolute ban on cash. The sooner the better.
@NickBen The notice was on yahoo..
http://it.finance.yahoo.com/notizie/la-fine-delleuro-4-mosse-160006447--finance.html?nc
US taxes are minor than European, in fact some (also small) companies in EU pretend to have its head office in USA or UK.
They try to innoculate the masses from critical daily thinking, and turn us into "Yahoo" 's...
Agree, where are young people protests? Why are we sleeping? Too much naked glamorous life on TV?
Read the same on an Italian site that reports an article of Paul Krugman.
It suppose that Greece can go out from Euro already next month.
Withdrawals of mass in Spanish and Italian banks, depositors seeking to transfer their money in Germany
EU could:
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