Cyprus depositors over 100.000 Euros could lose 60% of their savings

Monday, April 1st 2013 - 09:46 UTC

Full article 8 comments

Bank of Cyprus depositors with more than 100.000 Euros could lose up to 60% of their savings as part of an EU-IMF bailout restructuring move, officials say. The central bank says 37.5% of holdings over 100.000 Euros will become shares. Read full article

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ManRod
Poooor russians... I feel so sorry for them... NOT!

xD
Apr 01st, 2013 - 10:38 am - Link - Report abuse 0
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Shed-time
@1 ... and I'm guessing a few greeks.
Apr 01st, 2013 - 12:53 pm - Link - Report abuse 0
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Stevie
The rich stealing from the rich and giving to the rich. Makes me wonder, did the poor run out of valuables already?
Apr 01st, 2013 - 02:47 pm - Link - Report abuse 0
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ChrisR
“Cypriot President Anastasiades said the financial situation has been 'contained' following the deal” but he forgot the two little words: FOR NOW.

Round two coming up within 12 months.
Apr 01st, 2013 - 04:36 pm - Link - Report abuse 0
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briton
Why wait and see what’s next,
Other Europeans should jump now, before the devil gets them,

Withdraw ya money now!
Put it in German, British , American , china , or far east banks,
But keep well away from Ireland, Greece , Italy , Spain , Portugal,
Cyprus, Malta banks,
Or better still
Stuff your mattresses. Lol.
.
Apr 01st, 2013 - 07:11 pm - Link - Report abuse 0
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lsolde
Put into a Vanuatu bank.
There are very few taxes in Vanuatu, no income tax & they refuse to give information about their depositers to ANYONE, Governments included.
Apr 01st, 2013 - 08:35 pm - Link - Report abuse 0
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Fido Dido
“Poooor russians... I feel so sorry for them... NOT!”

Idiot, they already pulled out, way before..
http://www.zerohedge.com/news/2013-04-01/list-released-132-names-who-pulled-cyprus-deposits-ahead-confiscation-day

Put it in German, British , American , china , or far east banks,
Oh really? Seems you have forgotten the TBTF (To Big To Fail zombie banks) in the US, UK and Germany, you are paying for.

Stuff your mattresses. Lol.
Sure, and pray it does not become worthless in value. If gold/silver or any commodity goes up in value vs your paper fiat currency, means, your paper fiat currency is becoming weaker/worthless.

Looks like desperation is heating up there in the UK
http://www.zerohedge.com/news/2013-04-01/list-released-132-names-who-pulled-cyprus-deposits-ahead-confiscation-day

They may, but will it happen? Don't be suprise if it will, because they, the TBTF zombie banks need more money.
http://www.zerohedge.com/news/2013-04-01/list-released-132-names-who-pulled-cyprus-deposits-ahead-confiscation-day
It “they” say it may happen, you should know they prepare to do it and you should know that they will also take everything under 85k (duh, do you really believe you belong to the club?, no you don't.)

They want to “cyprus” us all in the so called “developed world”.
Apr 02nd, 2013 - 12:45 am - Link - Report abuse 0
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briton
well they can always buy gold/silver then,

you will have to put ya cash somewhere,

still
think of all the criminals awaiting all that gold in hidden places,
llo
Apr 02nd, 2013 - 06:29 pm - Link - Report abuse 0
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