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Shock in Cyprus as savers face bailout levy

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(@gil-irwin)
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"It appears that the heavy presence of Russian money in Cypriot banks was a factor in imposing the levy.

People in Cyprus with less than 100,000 euros in their accounts will have to pay a one-time tax of 6.75%, Eurozone officials said.

Those with greater sums will lose 9.9%." -- Robert Preston

http://www.bbc.co.uk/news/world-europe-21814325


 
Posted : 17/03/2013 4:31 pm
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