The EU Confiscates Savings from all Bank Accounts

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• Brian Dixon

  • Location: Dover
  • Registered: 23 Sep 2008
  • Posts: 23,940
  30 March 2013     06:49222866
  #161       report
  alex/philip.whatever.
• Paul Watkins

  • Location: Dover
  • Registered: 9 Nov 2011
  • Posts: 2,226
  30 March 2013     08:46222881
  #162       report
  Don't want to prolong the agony on this one but Alex is correct on the Greek pharmacy scenario he recounted.
  
  Watty
• Guest 696

  • Registered: 31 Mar 2010
  • Posts: 8,115
  30 March 2013     16:22222919
  #163       report
  From Sky News:
  "Savers with more than 100,000 euros in the Bank of Cyprus could lose up to 60% of their deposits, two senior officials have warned."
  
  So if you have 101,000 euro, you stand to keep 41,000 euro approximately.
  Great deal, what! Or perhaps not so much
  Chanters, Drums and Drones Potty Time http://youtu.be/99fMqpjnXYA
  Rule Britannia!
  Kent First http://youtu.be/04F3mAP3fV4 Keep banging on http://youtu.be/qYCU_SKmkGQ
• Brian Dixon

  • Location: Dover
  • Registered: 23 Sep 2008
  • Posts: 23,940
  30 March 2013     17:36222920
  #164       report
  alex,its a bargin.
• howard mcsweeney1

  • Location: Dover
  • Registered: 12 Mar 2008
  • Posts: 62,352
  30 March 2013     18:47222926
  #165       report
  not quite as cut and dried as you say alex, this courtesy of the bbc website.
  
  
  Bank of Cyprus depositors with more than 100,000 euros (£84,300; $128,200) could lose up to 60% of their savings as part of an EU-IMF bailout restructuring move, officials say.
  
  The central bank says 37.5% of holdings over 100,000 euros will become shares.
  Up to 22.5% will go into a fund attracting no interest and may be subject to further write-offs.
  
  The other 40% will attract interest - but this will not be paid unless the bank performs well.
  
  It was known that the wealthiest savers at the Bank of Cyprus would take a large hit from the bailout deal - but not to this extent, the BBC's Mark Lowen reports.
  
  Cypriot officials have also said that big depositors at Laiki - the country's second largest bank - could face an even tougher "haircut". However, no details have been released.
• Guest 696

  • Registered: 31 Mar 2010
  • Posts: 8,115
  30 March 2013     22:16222944
  #166       report
  When they've finished with the haircuts, some will come out as skinheads, and don't ask me what party they'll vote for then
  Chanters, Drums and Drones Potty Time http://youtu.be/99fMqpjnXYA
  Rule Britannia!
  Kent First http://youtu.be/04F3mAP3fV4 Keep banging on http://youtu.be/qYCU_SKmkGQ
• Brian Dixon

  • Location: Dover
  • Registered: 23 Sep 2008
  • Posts: 23,940
  31 March 2013     07:50222952
  #167       report
  would that be ukip then alex.
• Keith Sansum1

  • Location: london
  • Registered: 25 Aug 2010
  • Posts: 23,942
  31 March 2013     08:29222956
  #168       report
  Not many will vote that way when the crunch comes brian
  ALL POSTS ARE MY OWN PERSONAL VIEWS

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