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Julian · 23-03-2013, 20:41

So having done it once, what is to stop Cyprus doing it again to those with over 100000 in the bank.

What would be the result of most major depositors withdrawing what they have left after this levy?

My guess is that the banks will likely fail....

If 5bn had to be raised and that is 20% of savings that means the savings are worth 25bn. OUCH.

23-03-2013, 20:41	#1195
Julian Oh When The Saints!! Join Date: Jun 2003 Location: Kernow Posts: 3,941	Re: Eurozone will collapse... So having done it once, what is to stop Cyprus doing it again to those with over 100000 in the bank. What would be the result of most major depositors withdrawing what they have left after this levy? My guess is that the banks will likely fail.... If 5bn had to be raised and that is 20% of savings that means the savings are worth 25bn. OUCH. __________________ Confusion Will Be My Epitaph.