Based on the most recent data, JPMorgan notes that the share of large or uninsured deposits is likely to be close to half of total deposits in the European Union. With deposits already flowing out of some of the peripheral EU nations…
we thought it appropriate to point out just which nations have the largest share of uninsured deposits (and are not yet under the ECB’s ‘standard of living’ capital controls). It seems – among many others – that despite France throwing in the towel on the 75% income tax, there is another good reason for the wealthy to leave…
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