Uk Capital Controls.. Will U Be Able To Live In Tl?

I got bored reading after a while. It just keeps repeating the same thing over and over. I'll try again later but I don't think I'd put much faith in it to be honest. I must admit Cyprus is a bit of a surprise but then there's a lot of foreign money in their banks which are in a bad way. It's not the same in the UK which isn't in the Euro like Cyprus. The banks are much stronger and the government would be unlikely to risk a run on them which is why they've bailed them out and put safeguards in to protect customers deposits up to a certain amount (£85,000 I think). You just have to be careful if you have more than that that you spread it around.

You've hit the nail on the head here and this is why it does seem like scaremongering,the UK is 100% in charge of its capital controls and can raise or lower interest rates,plus begin Quantitive Easing or printing money whenever it chooses unlike anyone else tied into the Euro.The Italians have already threatened the ECB with cranking up their mint and printing their own Euros if the ECB didn't bail it out!

To my mind the UK banks must be rubbing their hands with glee at the prospect of capital flight out of all Eurozone banks after the Great Cyprus Bank Robbery,if it's happened there then you can bet it's the template to be rolled out next over Greece,Italy,Spain,Portugal et al!The size of Cyprus is irrelevant,it's just about the ECB testing the waters.