After Cyprus, are your deposits safe?

Since Cyprus, people have been worried about the money they have on deposit in banks, so how can you protect it, asks Paul McCarville.

13th April, 2013
'The new orthodoxy is that creditors and most particularly depositors over €100,000 should not be surprised to be haircut in any bank resolution.'

Just before Easter I brought my son to see Oz The Great and Powerful - it's a great film which hinges on what can be done with smoke and mirrors, an illusion of power and a suspension of critical faculties.

The parallels with managing a currency bloc without the proper structures are obvious and we have come to depend on our own wizard, Mario Draghi who has promised to do "whatever it takes". He is...

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