The US don't have a bail in policy but the Europeans do (Cyprus,Greece) and this is one reason the Euro is in trouble apart from negative interest rates and a horrendously authoritarian government that is hell bent on total control of the people in a communist manner. The only decent thing to come out of this will be the destruction of the Euro and its failed political experiment that was rammed down the throats of the populace by the political establishment.. It needs to go back to a trade union and get rid of the political "union" that is tearing the joint apart. There will be a lot of Europeans buying gold and for damn good reason.
