Quote:
Originally Posted by Antonio
Many investors will pull out of EU and many will not come since from now it is clear that your money is not safe in the EU banks. And the fact that they labeled this pussy move a "once-off tax" is simply a way to circumvent (sp?) the EU guarantee on the bank deposits. This will likely get challenged legally and hopefully get reversed; actually, I think it still needs to get approved by the Cypriot parliament
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Yes it is theft even if you call it taxes, but makes it harder to take banks to court. Do not think it will be implemented because it would mean that billions of euros will leave the country as soon as the transfer of money is possible. This will then result in that Cyprus need another bail out.