European Union and International Monetary Fund Plan On "Stealing" 10% Of Cypriot Savings Accounts (VIDEO)

Cyprus postpones bailout debate until Monday  (VIDEO)

The Cypriot parliament's debate on the savings tax that shocked the entire nation will now take place on Monday.

The president postponed the debate to gain time and try and ensure a majority, as for the moment the EU-IMF imposed levy on savings has raised hackles on all sides.

He is due to speak to the nation and explain why for the first time international creditors have chosen to tax personal savings to help pay for a 10 billion euro bailout.

Rates will start at 6.75 percent and go to 9.9 percent on deposit accounts. The Eurogroup expects this will raise 5.9 billion euros.

Banks may stay closed until Wednesday morning to prevent savers making massive withdrawals, which may prove more of a problem for foreign depositors, who hold 37 percent of Cypriot savings.



DOOM ALERT: People Are Freaking Out In Europe of the Cyprus Bailout As EU Move To Seize Funds Directly From Bank Account Holders! Cyprus Banks May Be Closed Due To Fear of Bank Runs.

Read more at http://investmentwatchblog.com/doom-alert-people-are-freaking-out-in-europe-of-the-cyprus-bailout-as-eu-move-to-seize-funds-directly-from-bank-account-holders-cyprus-banks-may-be-closed-until-wednesday-or-till-the-end-of-the-week/#5b4Xc3sU5bpFmFtu.99




The Next Wave of The Economic Collapse Would Start In Europe And That Is Exactly What Is Happening! The Domino’s Are Falling: Europe Announces Stunning Bailout For Cyprus — Bank Depositors To Get Instant 10% Haircut Before Banks Reopen This Week! Biggest Bank Run In History Starts Monday!!

Read more at http://investmentwatchblog.com/the-next-wave-of-the-economic-collapse-would-start-in-europe-and-that-is-exactly-what-is-happening-the-dominos-are-falling-europe-announces-stunning-bailout-for-cyprus-bank-depositors-to/#SuvifLIrWtBXtkZJ.99



Europe Just Pissed Off A Whole Bunch Of Russian Mobsters And Oligarchs With Its Stunning Bailout Of Cyprus

Read more: http://www.businessinsider.com/cyprus-bailout-russian-angle-2013-3#ixzz2NpvAOoIQ





REPORT: Germany Told Cyprus They Could Tax Their Depositors, Or Leave The Eurozone

Read more: http://www.businessinsider.com/report-germany-told-cyprus-they-could-tax-their-depositors-or-leave-the-eurozone-2013-3#ixzz2NpxYNQo6