Quote:
Originally Posted by Damien
Oh I don't think they acting selflessly. If their economy wasn't tied into the Eurozone they wouldn't have given a toss.
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Quote:
Originally Posted by Osem
Well it's good we agree on that.  |
And here lies the problem
WHO is it that seems to have the most control over the Euro and the EU
Germany !. If one country now has such a postion of power within the EU it worries me greatly.
If this goes ahead who in Cyprus would be stupid enough to hold anything over 20000 in a bank.
Quote:
The Cyprus finance ministry suggests savers holding less than 20,000 euros (£17,000) would be exempt from a bank levy which has caused much alarm.
The plan was changed following outrage that ordinary savers would be forced to pay a levy of 6.75%.
The new plan would keep that levy on deposits over 20,000 euros, with those over 100,000 euros charged at 9.9%.
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http://www.bbc.co.uk/news/world-europe-21842966