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astarkero

astarkero
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  • Deposits over €100K at the Bank of Cyprus will be taxed at 62.5%, sources tell Reuters. The figure is far greater than officials originally indicated. Customers will get 37.5% of their deposits over the €100K threshold in bank shares while the remainder of their cash "may never be paid back."  [View news story]
    You're right, at 2%/year, it's a 30 year process.
    Apr 1, 2013. 07:58 AM | 1 Like Like |Link to Comment
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