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Major shock for Cypriots
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Posted March 16, 2013 at 2:44PM
anywhere else in the world this would be called theft
In the EU it's called a bail out levy.
People in Cyprus with less than 100,000 euros in their accounts will have to pay a one-time tax of 6.75%, Eurozone officials said.
Those with greater sums will lose 9.9%.
I wonder what savers in Italy, Spain and Portugal think about this?
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