Don't tase me, Bro!

Happy St. Patrick's Day!

By: weatheringpoints, 4:49 AM GMT on March 17, 2013

Updated: 4:52 AM GMT on March 17, 2013

Permalink

Cyprus today,

By: weatheringpoints, 7:21 PM GMT on March 16, 2013

Savers bear brunt of unprecedented Cyprus bailout

(Reuters) - The euro zone struck a deal on Saturday to hand Cyprus a bailout worth 10 billion euros ($13 billion), but demanded depositors in its banks forfeit some money to stave off bankruptcy despite the risks of a wider run on savings.


BBC News Europe reports: Shock in Cyprus as savers face bailout levy

People in Cyprus have reacted with shock to news of a one-off levy of up to 10% 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%.
**



South Park aaand, it's gone!

Saved the best for last...
From Forbes:
The Cyprus Bank Bailout Could Be A Disastrous Precedent: They're Reneging On Government Deposit Insurance


Considered and considerate comments are welcome

Permalink


The views of the author are his/her own and do not necessarily represent the position of The Weather Company or its parent, IBM.

Ad Blocker Enabled

Don't tase me, Bro!

About weatheringpoints

Local Weather

Mostly Cloudy
44 °F
Mostly Cloudy

Recommended Links