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    "Q: Hang on, savers are being taxed to help prop up Cyprus's economy?

    Technically they are being "bailed in" - and will receive equity (bank shares) in return. But yes, it's in effect a tax on all savers.

    Those with under €100,000 will lose 6.75%, rising to 9.99% for those with over €100,000 in the bank."

    http://www.guardian.co.uk/world/2013/mar/17/cyprus-savings-levy-questions-and-answers

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