Re: Re: Cyprus Bail Out


@DBMarcos99 wrote:

25% on accounts over 100k? Ouch!

Very unlikely, but just shows you should never keep amounts of money that large sitting in a bank account.

Some of it could be committed money hanging around in an account for a few days and it just happened to be there when the shut down began. Businesses can have a million in and be overdrawn 3 days later. A private individual could have sold a house for a few hundred thousand but intending to complete on another in 2 weeks time or just cashed in a pension. Not everyone affected will have just had the money saved for a rainy day.

The troika haven’t done Cyprus any favours and they haven’t done the rest of the Eurozone any either!