The ECB is reportedly not in favor of taxing Cyprus bank deposit accounts under €100K, reports...

The ECB is reportedly not in favor of taxing Cyprus bank deposit accounts under €100K, reports Bloomberg, with a bank spokesman saying the plan is a design not of Brussels, but of the Cypriot government. German finmin Schauble says the same, and say his country wouldn't have issue with another solution. We'll see whether the quick-step back from this plan calms the markets today.

Comments (4)
  • tigersam
    , contributor
    Comments (1707) | Send Message
    This story is really good for United States. All foreign money will come back to US.
    18 Mar 2013, 09:07 AM Reply Like
  • Robin Heiderscheit
    , contributor
    Comments (3153) | Send Message
    hahaha US has already confiscated 10% of my bank account if you assume a market interest rate for the past four years would be 3% and I have received .5%
    18 Mar 2013, 09:09 AM Reply Like
  • tigersam
    , contributor
    Comments (1707) | Send Message
    Cyprus is talking about taking $6 dollars for every $100 in your savings account. This is a big blow to Russia. Russian people are the biggest investor over there and these people will move the money back.
    18 Mar 2013, 11:10 AM Reply Like
  • thechaser
    , contributor
    Comments (761) | Send Message
    calms the market today???? what kind of enhancers are you sa 'editors' drinking in your coffee this morning; who in the ECB said this huh; an unnamed bank spokesperson that's who;


    sa working overtime this morning as you have been properly instructed to follow the party line as is your underlying mandate to exist


    you guys will have to pull some of your contributors as i actually saw an sa article referenced in kwn and miles franklin, horrors of horrors;
    18 Mar 2013, 09:10 AM Reply Like
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