Europe Considers Wholesale Savings Confiscation, Enforced Redistribution | Zero Hedge

The solution? “The Commission will ask the bloc’s insurance watchdog in the second half of this year for advice on a possible draft law “to mobilize more personal pension savings for long-term financing”, the document said.”

Mobilize, once again, is a more palatable word than, say, confiscate.

via Europe Considers Wholesale Savings Confiscation, Enforced Redistribution | Zero Hedge.

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