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@kakia-designs-uk-shop wrote:

Has anyone else seen this? It's all over the internet but not on mainstream news. Apparently the Eu past a law last week to allow bank bail ins in the EU. Some Austrian banks have gone bust and taken depositors money and this is legal ! Can you imagine having savings or even just being in credit at the bank then it's just taken from you and it's legal. Very very scarey.

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Hardly "scarey". Individual deposits up to 100,000 EUR  in banks are protected under EU banking regs.

So far as I am aware, "bail ins" have always been an option for EU banks above that threshold.

All that has changed is that governments of the member states will now not be able to bail failing banks out using taxpayers money. Sounds good to me. If you have more than 100,000 EUR in your back pocket you simply spread it around to keep it safe. Nothing has changed there 🙂