Eurozone to mull Cyprus bailout


Business | 206782 hits | Mar 04 10:36 am | Posted by: martin14
3 Comment

Eurozone finance ministers are meeting in Brussels to discuss how to fund a potential 17bn-euro ($22bn) bailout for Cyprus.

Comments

  1. by avatar martin14
    Mon Mar 04, 2013 6:46 pm
    Better check whatever investments you are holding.

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

  2. by avatar andyt
    Mon Mar 04, 2013 6:48 pm
    They're going to bail out Russian billionaires?

  3. by avatar martin14
    Sat Mar 16, 2013 8:43 am
    http://www.bbc.co.uk/news/business-21797888


    Eurozone and IMF agree 10bn-euro Cyprus bailout deal





    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 !



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