BELIEVABILITY TEST

Here's a smell test for you. Bank deposits, just how safe are they, especially after Cyprus?

The following quote is from Ollie Rehnquist, the EU Commissioner For Economic and Monetary Affairs and the Euro.

Read it and let us know if it passes the olfactory test. 

"But there is a very clear hierarchy, at first the shareholders, then possibly the unprotected investments and deposits. However, the limit of 84,890 pounds is sacred, deposits smaller than that are always safe."

You can read the full story here. http://www.zerohedge.com/contributed/2013-04-08/eu-says-bank-moneys-safe-after-threats-take-it-ireland-still-looks-next-conta