Sunday, March 24, 2013
Bailout Closing: Cyprus & lenders agree on taxing deposits (VIDEO)
Looks like the IMF and World Bank will steal the savings accounts of the people of CYPRUS after all (VIDEO)
Cyprus and international lenders have managed to strike a long-awaited agreement on taxing bank deposits of over 100-thousand euros held with the country's biggest bank.
Customers who keep large sums of money in other banks will also be forced to sacrifice part of their savings to the country's ailing economy.