There is a case for limiting the grab to those with over E100,000 if only because otherwise it totally undermines the existing depositor protection schemes across the Eurozone.
The consequences of this will be dire for Cyprus and also the Eurozone in general.
I hope everyone notes the sheer joy with which Reg seems to greet the bullying action against small deposit holders in Cyprus. Let this be a lesson against the might of big government and the EU in particular. The sooner we are out of this morally and financially bankrupt organisation the better.
Alexander - I have been following events far more closely than you possibly could. I do have some clients with property and cash in Cyprus - I just hope they pulled the cash out when I said they should a few months ago.
Here is a bulletin I received this morning that is interesting concerning a very confused situation.
http://www.citywire.co.uk/global/mandgs-isaacs-5-reasons-why-cypriot-bailout-is-insane-in-the-brain/a666594