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View Full Version : Cyprus government steals 10% of bank deposits




cindy25
03-17-2013, 07:13 PM
not a tax on interest income (banks worldwide have ceased to pay interest anyway) but taking of capital

posting it here only because it could happen anywhere, might set the stage for the next Citibank or BA bailout

http://www.guardian.co.uk/world/2013/mar/17/cyprus-bailout-seize-savings-deposits