For Pierre Jovanovic who follow the economic situation across EU/US, due to debt, France will have a "Cypryus moment" in September 2022.
For the record, in 2013:
"Account holders of Cyprus' largest bank, the Bank of Cyprus, will lose around 60% of their savings above 100,000 euros, the country's central bank confirmed Saturday, tightening the conditions of the bailout that kept the island from bankruptcy."
I don't know if it's accurate, we will see, but it's interesting to have some predictions about when the economic situation can abruptly change.
source
For the record, in 2013:
"Account holders of Cyprus' largest bank, the Bank of Cyprus, will lose around 60% of their savings above 100,000 euros, the country's central bank confirmed Saturday, tightening the conditions of the bailout that kept the island from bankruptcy."
I don't know if it's accurate, we will see, but it's interesting to have some predictions about when the economic situation can abruptly change.
source