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Originally Posted by Tuftus
I thought that the Govt was supposed to guarantee the savings up to the limit (I cannot remember) but if it all goes pop then who knows.
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100,000 euros. Which is why (currently) the plan is for a levy on savings over 100,000 eurors.
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Lose everything? What are they going to do, trade in shells / pebbles? They must have a back out plan?
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Well, if you go to the cashpoint to withdraw some cash and the bank doesn't have any, you've got a problem don't you.
Out of interest: Does anyone know what would happen if Cyprus decide to go bankrupt and quit the euro. I would imagine any banking guarantees would be void, and the whole of Cyrpus would stand to lose their savings, or am I missing something>