Posted Nov 6, 2013 by Martin Armstrong
QUESTION: Will Slovakia also enter into the Bail-in dilemma ? This since most of the Slovakian Banks were taken over by Austrian Banks…. AND as is clear Austria is now in a total financial mess. Slovenia is Kaput as said in German but what about Republic of Slovakia ?
ANSWER: Unfortunately, Slovakia is in the mix as well. The banks are linked to Austria and that is a mess. Then there is the 10% confiscation of all assets proposed by the IMF. So, be very careful what assets are held in the banking system.