Skip to main content
Black Listed News

EU Weighs 40% Haircut On Uninsured Cypriot Deposits In Bad-Bank Plan

Published: March 21, 2013
Share | Print This


Source: Zero Hedge

More details are appearing on the latest and greatest plan in the shambles to solve Cyprus' (and Europe's unsolvable) problem. It appears the European Group is implicitly declaring economic war on the 'wealthy' depositors (we noted here non-domestic depositors dominated recent inflows) as these headlines hit:

  • *EURO AREA SAID TO WEIGH CLOSING CYPRUS POPULAR, BANK OF CYPRUS
  • *EURO AREA SAID TO WEIGH GOOD BANK, BAD BANK FOR CYPRUS BANKS
  • *UNINSURED DEPOSITS COULD GO TO CYPRUS BAD BANK, FACE 40% LOSS

We assume followed rapidly by some eurozone law-breaking capital controls to stop the remaining 60% flooding out instantaneously...

Share This Article...



Connect With Us:
Free Newsletter
Blacklisted Radio
Blacklisted Nation
On Twitter
On Facebook
The DoomCast
Podcasts on Demand
Podcasts on Spreaker
Podcasts on Youtube
Podcasts on iTunes
Podcasts on Tunein
Podcasts on Roku

Support Us
Donate Today!

Affiliates
Shop Amazon
Golden Eagle Coins
DHGATE.COM
Chameleon John Coupons
Discountrue




Calling for Contributors!

Got something to say?
We want to hear from you.

Submit your article contributions and participate in the world's largest independent online news community today!

Contact us today!




BlackListed News 2006-2015