The EU legislates to STEAL from our bank accounts

On the 1st of January 2016 a little known piece of EU dictated legislation was slipped under the radar and onto the UK statute books.

What this law states is that we its customers have all become debtors of the bank. What this sneaky piece of law making effectively means is that if things go pear shaped financially speaking then the bank has a legal right to access our savings.

If a bank finds itself in need of a bailout or becomes in danger of going insolvent the current £75,000 ceiling for customer safety would effectively be scrapped.

This was the very situation pertaining in Greece during its financial meltdown due to the pressures exerted by its inability to survive belonging to the Euro currency requirements.

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 EU Recovery and Resolution Directive 2016