8 Events That Prove Your Money Is Not Safe In Europe, Or Anywhere
Jeff Berwick
Activist Post.com
Friday, March 7, 2014
As I write this, the European Union has just announced a possible $15b aid package to Ukraine (including 8 billion euros in fresh credit). Everybody has read the headlines about Europe: record unemployment, no end in sight, and so on.
So you might be wondering just where the European Union, and its constituent nations, scraped together the money to propose aid for Ukraine.
Well, wonder no more, because the following eight events might give you an idea of where governments go to get a little extra cash.
1. In March, 2009, Ireland seized €4bn from its Pension Reserve fund in order to rescue its banks. In November 2010, the remaining savings of €2.5bn was seized to support the bailout of the rest of the country.
2. In December, 2010, Hungary told its citizens that they could either remit their private pension money to the state or lose their state pension funds (but still have to pay for it nonetheless).
3. In November, 2010, the French parliament decided to earmark €33bn from the national reserve pension fund FRR to reduce the short-term pension scheme deficit.
The Rest…HERE
