60%?? this is just getting ridiculous!

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My concern is that a precedents has been set by this so now you know what they are going to do with peoples hard earned money any where in europe or the rest of the world for that matter if the banks get into trouble. So if they cant touch peoples shares surely that would be the best place to have your money rather than just leaving it in a bank???
It seems savings is a waste of time in the modern world. You might as well build up a big dept and just go bankrupt

this was the easy way out for the politicians
those with uninsured deposits of more than 100k Euros can be robbed off upto 40% which is ridiculous

I am changing all my cash to GOLD BARS and digging a hole in my back garden & shoving it all where no one can find it!!

My understanding is the levi will just be on bank deposits i.e. cash. But I could be totally wrong. Surely they wouldn't be able to touch your share in a company just because they brokered the deal?

It's all politics in my opinion. A message to the Russian's and other wealthy people using Cyrpus as a tax haven.

But after this surely Cyprus is now finished as a tax haven and will now have to rely on Tourism as their main industry?

Its amazing how the banks are allowed to rob from people that have saved more than 100000 euros. Its disgraceful. It just goes to show the biggest criminals are the banks. I feel sorry for those that have saved hard all there lives just to get robbed like this. Whats this world coming too.
They make any excuse to rob people of there money.
Its time to put your money under your pillows as its a lot safer than putting it in a bank.

Just a thought....What happens if you had bought 100000euros worth of shares through these banks???IE they were your broker.....would they sell your shares to get the money????

Does anyone know the answer to this????

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