if Cypriots thought 10% theivery was bad.....

[dogtowner]

hows about 25% instead ?

but all is well, its just on the evil rich...

Now it is the turn of BoC savers to see how big a hit they will take as the government haggles with eurozone representatives over the scale of the tax that will be imposed on their deposits to rescue a bailout deal to save the island from looming bankruptcy.

On the table is a 25 percent levy on all BoC deposits over the 100,000 euro threshold. The government desperately wants that reduced to a level it believes it can get through a hostile parliament.

Fellow eurozone members anxious about winning approval in their own parliaments for the proposed 10 billion-euro ($13 billion) loan package for Cyprus are likely to want at least that amount to ensure the island meets its undertaking to come up with 5.8 billion euros of its own in return.

 

[Cruella]

So how do they propose to stop a run on the banks?

Looks like Cyprus is going down. We'll probably see torches and pitchforks going after government buildings.

 

[dogtowner]

So how do they propose to stop a run on the banks?

Looks like Cyprus is going down. We'll probably see torches and pitchforks going after government buildings.

limiting ATMs, probably no wire transfers. Spain is taking an interest too.

and who didnt see this coming ?

 

[Aus22]

No Taxes is not democracy. Cyrus will have to pay a price for allowing itself to be a tax haven for rich Russians. Either more taxes on bank accounts or default and leaving the Euro zone.

 

[Dawkinsrocks]

limiting ATMs, probably no wire transfers. Spain is taking an interest too.

and who didnt see this coming ?

This all started in the US under Bush

Did you see it coming?

The banks have caused all this and as usual the poor are expected to pay the filthy capitalist bastards back

 

[dogtowner]

No Taxes is not democracy. Cyrus will have to pay a price for allowing itself to be a tax haven for rich Russians. Either more taxes on bank accounts or default and leaving the Euro zone.

if Cypriot banks were full of russion money there would be no liquidity problem. want to take another whack at it ?