"In a nutshell, and in Reuters' own words, "the
savings of the European Union's 500 million citizens could be used to
fund long-term investments to boost the economy and help plug the gap
left by banks since the financial crisis, an EU document says."
What is left unsaid is that the "usage" will be on a purely involuntary
basis, at the discretion of the "union", and can thus best be described
as confiscation."
[Zero Hedge]
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