The quest to make the Great Cyprus Bank Heist more “progressive”
appears to have found its unappealing Holy Grail, as word comes this
morning of a new asset seizure deal that will keep the little people
from suffering any losses… by soaking the ever-loving hell out of large
depositors.
Under European Union banking laws, the first 100,000 euros (about $130,000 U.S.) are protected by deposit insurance, a guarantee that last week’s bailout deal would have voided by seizing 6.7 percent from the balance of insured deposits in every bank, while taking 9,9 percent from everything over 100,000 euros. This deal sparked public outrage and was unanimously voted down by the parliament of the EU’s smallest nation.
Read more: http://www.humanevents.com/2013/03/25/cyprus-bank-deal-wipes-out-some-large-depositors-will-confiscate-up-to-40-from-others/
Under European Union banking laws, the first 100,000 euros (about $130,000 U.S.) are protected by deposit insurance, a guarantee that last week’s bailout deal would have voided by seizing 6.7 percent from the balance of insured deposits in every bank, while taking 9,9 percent from everything over 100,000 euros. This deal sparked public outrage and was unanimously voted down by the parliament of the EU’s smallest nation.
Read more: http://www.humanevents.com/2013/03/25/cyprus-bank-deal-wipes-out-some-large-depositors-will-confiscate-up-to-40-from-others/
No comments:
Post a Comment