EU Reverts to the Guillotine—to Stymie Bank Withdrawals

This Guillotine Cuts Off Bank Withdrawls

This Guillotine Cuts Off Bank Withdrawls

On the 10th of October 1789, Dr. Guillotin (original spelling without the e) proposed to the French Assembly that the penal code be revised to provide that capital punishment executions be carried out not by torture or by hanging from the gallows but by simple decapitation. Thus, the guillotine became the standard instrument for death penalty cases, not only in France, but throughout Europe. Fast forward 227 years later, and European officials are once again mulling over use of the guillotine throughout Europe—but this time as a tool to stop a run on failed banks.

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