As part of a deal to save the economic situation in Cyprus a deal has been struck, which means that individual depositors in Cyprus will lose between 6% and 10% of their savings varied according to the amount they have in their savings.
This is daylight robbery with violence.
The implications are that no-one's savings are safe anymore and it might be time to pull the money out and go into gold.
http://www.guardian.co.uk/world/2013...-bailout-anger
No comments:
Post a Comment
Note: only a member of this blog may post a comment.