View Single Post
Old 03-25-2013, 03:23 PM   #112
Lost In Space
elsid13's Avatar
Bóg, Honor, Ojczyzna

Join Date: Apr 2004
Location: DC
Posts: 19,901

Originally Posted by Rohirrim View Post
Just out of curiosity, since I'm not a banker, but if the banks collapsed and the Cyprus government collapsed, wouldn't the depositors lose all of their savings?
The only similar case study is Argentine banking crisis in 1999 to 2001. Their saving wouldn't just disappear but it's buying power for their currency would be worthless causing massive economic turmoil.
elsid13 is offline   Reply With Quote