|How much would you like off?|
- 37.5% of deposits over €100k converted to equity
- a further 22.5% held in reserve
- yet a further 30% frozen
Now then, you Scotties, how about independence and joining the Euro ?
I was also interested to read a couple of weeks ago that Germany's 'Council of Wise Men' have declared that deposits are all too easily spirited away (and depositors are all too often German); so that the next rescue should be based on property levies. They've noticed that when property holdings are taken into account, Germans are by no means the wealthiest folk in Europe.
That's all well and good on paper, O Wise Ones, but (a) you'll need to mark those property values to market quite carefully; and (b) who has the liquid assets to pay property levies on the required scale ? And if they do, pray where do they keep them ?