Grand Theft Cyprus: Part II

Cypriot legislators rejected Plan A. At issue was taxing savings accounts over 100,000 euros 9.9 percent and small depositors 6.75 percent. Plan B followed. On March 21, the Financial Times headlined “Cyprus targets big depositors in bank plan,” saying: On Friday, Cypriot legislators will “debate a 61-page bill on the banking system …(L)awmakers (say) they need […]