How It Feels To Have Your Life Savings Stolen In Cyprus

Mar 27, 2013 at 3:54 PM
DailyBail in Bank Bailouts, ECB, Euro Crisis, Europe, bailout, banks, banks, brit expat, cyprus, cyprus banks, ecb, eu, euro currency, expats, uk

How it feels to lose 40% of your savings.

"It is theft when the government has access to your bank account and takes whatever amount they want.  That's money that we earned, that we saved, that we worked hard for."

Good interview with British expat beginning at 40 seconds.  And this report was filed March 19 when the tax on accounts over 100K was expected to be 15%.  The new tax on deposits over 100k is 40%.

 

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Article originally appeared on The Daily Bail (http://dailybail.com/).