http://www.zerohedge.com/contributed/2013-05-15/no-bank-deposits-will-be-spared-confiscation
Crucial paragraph:
'You
may recover some of your money if your deposit is covered by an
insurance scheme as referred to earlier but in a fixed amount. But,
there is a catch here. Most insurance schemes whether backed by the
government or not do not have sufficient monies to cover all the
deposits in the banking system.
So, in the worst case scenario – a systemic collapse, there is no way for you to get your money back'.
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