[Newsbot]

Title: Eurozone to mull Cyprus bailout
Category: Business
Posted By: martin14
Date: 2013-03-04 10:36:28

[martin14]

Better check whatever investments you are holding.

If you have anything connected to Cyprus, better get it out now.

[andyt]

They're going to bail out Russian billionaires?

[martin14]

http://www.bbc.co.uk/news/business-21797888


Eurozone and IMF agree 10bn-euro Cyprus bailout deal

$1:

People with less than 100,000 euros in Cypriot bank accounts will have to pay a one-time tax of 6.75%, while those with more will have to pay 9.9%. It is expected to raise 5.8bn euros in additional revenue.

That's just highway robbery.



Someone trying to save for retirement, or a house, and poof !
They just come and steal your money.


Communism ftw !