Tag: EU-IMF bailout

• Monday, April 1st 2013 - 09:46 UTC

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

  

  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.