BRITISH expats living across Europe were warned last night to take their money out of foreign banks in the wake of the Cyprus financial crisis.
Ukip leader Nigel Farage told the party’s spring conference that savings held in countries where the euro is the currency are no longer safe.
His warning came as Cyprus last night gave in to EU and International Monetary Fund demands for a 20 per cent levy on deposits over 100,000 euros at the Bank of Cyprus and a four per cent levy on deposits of the same amount at other banks.
Yesterday Mr Farage said: “The appalling events in Cyprus over the course of the past week have surpassed even my direst of predictions.
“Even I didn’t think that they would stoop to stealing money from people’s bank accounts. I find that astonishing.
“There are 750,000 British people who own properties, or who live, many of them in retirement down in Spain.
“Our message to expats now that the EU has crossed this line, must be: Get your money out of there while you’ve still got a chance.” Full story...
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Ukip leader Nigel Farage told the party’s spring conference that savings held in countries where the euro is the currency are no longer safe.
His warning came as Cyprus last night gave in to EU and International Monetary Fund demands for a 20 per cent levy on deposits over 100,000 euros at the Bank of Cyprus and a four per cent levy on deposits of the same amount at other banks.
Yesterday Mr Farage said: “The appalling events in Cyprus over the course of the past week have surpassed even my direst of predictions.
“Even I didn’t think that they would stoop to stealing money from people’s bank accounts. I find that astonishing.
“There are 750,000 British people who own properties, or who live, many of them in retirement down in Spain.
“Our message to expats now that the EU has crossed this line, must be: Get your money out of there while you’ve still got a chance.” Full story...
Related posts:
- Cyprus 'Eurogeddon': deserted streets of a country closed for business...
- In Europe, democracy means: "You dumb clucks."
- Farage: EU wants to steal money from Cypriots bank accounts...
- Expats in Cyprus furious at 'legalised theft' of their savings...
- The Great Cyprus Bank Robbery by financial terrorists...
- Nigel Farage: the Eurozone is a ponzi scheme run by communists...
- With every hour that passes, we need the EU less and less...
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