The post you are reporting:
David, it's not as you think.
Barry, The Cypriot government has still to decide, at the moment, whether to take 6.75% or 3% from bank accounts with less than 100,000 euro, and 12.5% from those with more, rather than 9.9%...OR whether to declare state bankruptcy, default, and leave the euro.
You either have not followed the case, or are covering up the facts here.
Although it's hard to believe that someone with your expertise would not have grasped the current financial situation in Cyprus.
Firstly, back to David here, rather than taking the 6 billion euro from accounts, Cyprus could simply declare insolvency, and "auction off" all its bank assets, and get, in return, possibly 40% or less of the total value of savings deposited in Cypriot banks.
Total loss for savers: 60% (or more).
Think it over and get informed, David. Banking economics is not as simple as you'd like to think.