Savings account seizure plan draws fury in Cyprus

Mar 18, 2013 Full story: savannahnow.com

A plan to seize up to 10 percent of savings accounts in Cyprus to help pay for a 15.8 billion financial bailout was met with fury Monday, and the government shut down banks until later this week while lawmakers wrangled over how to keep the island nation from bankruptcy.

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monday

Toronto, Canada

#2 Mar 18, 2013

Since: Feb 07

Location hidden

#3 Mar 18, 2013
The American MSM is playing dumb, for fear of the Washington DC elites.
curmudgeon

Ash Flat, AR

#5 Mar 19, 2013
This plan was approved and endorsed by the International Monetery Fund. The IMF is headquartered in New York. dont think It couldnt happen in the USA.

Since: Feb 07

Location hidden

#6 Mar 19, 2013
Washington is watching to see how the 'haircut' is received before the house to house confiscation begins.
10% of all deposits, gone, with a signature by the faceless manager, far away.

Since: Feb 07

Location hidden

#7 Mar 19, 2013
Cyprus will be sleeping with a hand on their wallet.

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