Sunday, March 24, 2013
Lord Stirling's News Blog EUROPE
News Blog EUROPE
Holy Shroud of Turin
Breaking News: Cyprus Bailout: Deal reached in Eurogroup talks ~ link ~ A haircut for the Russian mobsters of 40%!!! Yep, things are going to get really hot now. Stirling
have agreed a deal on a 10bn-euro bailout for Cyprus to prevent its
banking system collapsing and keep the country in the eurozone.
Reports suggest the deal will include a levy on deposits of more than 100,000 euros in Cyprus's two biggest banks.
The levy on deposits in Laiki (Popular) Bank - the country's second-biggest - could be as high as 40%, reports say.