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U.S. appetite for drugs begets violence migrants are fleeing
Topic - Lars Christensen
European politicos facing sluggish economic growth will definitely turn to the rich to take their cash, said one banking head, remarking on the potential for repeat in the raid on Cyprus savings.
They won't take the politically damaging route of raising taxes or curbing spending, he said.
"There will be future bail-ins [loss of deposits] and other types of confiscation of wealth in the Eurozone with a doubt," Mr. Christensen said, in The Telegraph. "There's no other realistic way forward if politicians continue to fail to deal with the basic indebtedness problem across Europe."