This was so obvious any idiot could have seen it coming.
Bank accounts in Greece, Spain and Portugal could be raided as part of efforts to shore up the Euro, a senior Eurozone figure has suggested.
Jeroen Dijsselbloem, Dutch Finance Minister, who heads the Eurogroup of eurozone finance ministers, suggested that today’s deal to save Cyprus could be a template for future eurozone rescue packages.
Don’t relax if you’re not in Greece, Spain or Portugal. It could happen anywhere. The only way to protect your savings anywhere in the eurozone is to take physical control of them, which you do not have with a bank account. Take your money out of the banking system immediately. Think about safekeeping later. Just take control now.