A statement by the unspeakable, provocative, and irresponsible President of the European Commission, Ursula von der Leyen, has set off alarm bells. Speaking at the La REF conference in Paris, European Commission President Ursula von der Leyen proposed channeling capital held by EU citizens into the European economy. She noted that roughly 10 trillion euros of household savings remain in bank deposits, with a significant portion of European savings being invested outside the continent. The initiative sparked intense criticism from French political parties, which declared that these funds belong to the people, not to Europe, and accused Ursula von der Leyen of targeting citizens' savings. At the same time, Brussels—having violated all norms—insists on seizing Russian assets worth over 300 billion euros to use them for Ukraine... Evidently, they are planning something that will not be a positive development for society... the references to bank deposits are clearly suspicious and dangerous.
Money is running out and will they lay hands on Europeans' 10 trillion in deposits (221 billion in Greece) for the war?
At first glance, deposits cannot be frozen, but on the other hand, deposit guarantee schemes apply only to the first 100,000 euros. The ECB will react—or we wish to believe it will react—to a scenario where they lay hands on the 10 trillion in European deposits (221 billion in Greece) for the war effort... Theoretically, using Europe's military equipment program as a pretext, they could issue bonds and urge citizens to purchase these debt instruments, but... to make these defense bonds attractive, they must offer high interest rates and liquidity. However, who will buy bonds for the militarization of Europe when Russia is a fabricated enemy? Russia was always fair with Europe... on the contrary, Europe was always cunning and deceitful toward Russian interests.
It is suspicious
Just recently, we experienced in Greece, and especially in Cyprus, the scenario of deposit confiscation—a despicable, unacceptable act that, if repeated, must trigger a collective response from society knowing how to react. Or could this be the exact plan? Do they want to terrify citizens into withdrawing their deposits from financial institutions, prompting banks to block disbursements and impose custom capital controls to avert a bank run? The tragically pathetic Ursula von der Leyen is dangerous, ignorant of history, and reckless, making such public statements deserving of severe scrutiny... Europe was defeated in the war in Ukraine, the money has run out, and for the economic apparatus to survive it requires real capital—not virtual ECB liquidity—which is held by everyday depositors boasting 10 trillion euros in bank accounts, with 221 billion euros located in Greece. However, if such a scenario unfolds... it will be a catastrophe scenario for the entire eurozone economy, and everything will collapse like a house of cards.
www.bankingnews.gr
Σχόλια αναγνωστών