Yeah that's pretty bad but then it's not really the EUs fault but the banks fault and them buying junkbonds/shit investments.
Aim the blame in the right direction. Hadn't the EU regulated this you might have goten your money out and someone might have been left with nothing.
It should be illegal to do so with his money though since it is not an investment account.


He should check into the legal aspects of this. But who reads all those papers when they make a simple account, right? I don't...I better start.
Basically if what he says is true and he was paying to have a checking account with no interest on it then he should at least have some priority of getting the money back when shit hits the fan.