For the past 2 weeks and we will see this continual "uncertainty" loom in Europe regarding Cyprus. The topic for all "western nations"... ' how safe is our banking institutions? '. In Canada the topic circulates and is pondered by many analysts and businesses. Although alot of countries are affected by the current turmoil in Cyprus due to 'offshore' business operations...Canada remains the leader in "fiscal restraint and regulation".
Canadian banks pride themselves on their banking system..."austerity" has reached Canadian shores...and talks of "bailout" restrictions are spreading through the news. In today's world of globalization...every country has it's "pitfalls" to monitor..the question is...which major 'western nation' is next to the new "bank depositor" restrictions implemented by the ECB??
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.