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  Keith, there is no more money left in Cypriot banks, and Spain was the last country to receive a bank bailout, of about 100 billion euro, just a few months ago.
  Nest time a eurozone bank goes bust and calls for a bailout, and the government of that country pleads for a bailout on account that their whole economy will crash if the banks do not get the money, the EU will simply tell them to confiscate one third of the needed money from the bank accounts, and only then lend the remaining two thirds, as with Cyprus.
  
  This is the crude reality.
  
  And the German government, backed by a number of other Eurozone governments, have spelled out clearly that this is the case from now on.

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