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Unrest about Bail-in Spreading, Compelling German Press To Play the Issue Down

Jan. 12, 2016 (EIRNA)—The economics section of the Frankfurter Allgemeine Zeitung daily today has a propaganda piece for the bail-in, apparently in reaction to concerns voiced by depositors (and readers) after all of them received letters from their bank announcing the legislation going into effect on Jan. 1 this year. No reason to worry, at least not in Germany, which is not like Cyprus, the FAZ claims. All deposits below 100,000 in Germany are safe, and in any case, emergency interventions to rescue, for instance, savings banks are just “hypothetical”, and if anything should ever happen, there was still the taxpayer to intervene—that is, by bail-outs.