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Cyprus Steals Money From All Savings Accounts

Saturday, March 16, 2013 - 10:04 AM
http://www.bbc.co.uk/news/world-europe-21814325

 

People in Cyprus have reacted with shock to news of a one-off levy on savings as part of a 10bn-euro (£8.7bn; $13bn) bailout agreed in Brussels.

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%.

Cypriot bank officials quoted by AP news agency said depositors could access all of their money except the amount set by the levy.

 

Could this happen hre in the US???
3
stormdog123stormdog12316 posts since
Feb 20, 2011
Rep Points: 199
1. Saturday, March 16, 2013 - 2:33 PM
Already is, think it's called "Income Tax". Let that happen and see how many folks bail to offshore banking or revert back to "mattress banking".
1
klinkklink98 posts since
Dec 8, 2012
Rep Points: 265
Reply