Quote:
Originally Posted by CAHEK
Cyprus passes laws for capital controls  |
Yes, to stop people from withdraw and wire out of country all of their money next week, at bank opening (banks must re-open at some day, people can't buy anything since a week and start to starve). They will probably set some limit such as can wire out only $10,000 a week, which will take years for billionaires to withdraw all
Still, they will take out at least 15% from all the accounts over Euro 100,000, no real other choice, as does not want to take out 6% on the small accounts, but at the same time, get the Euro bailout loan on Sunday's meeting of the eurogroup, complete with Christine Lagarde of FMI. The European Central Bank promised to pull the liquidity plug on Monday unless deal reached.
Will at the end be the rich tax evasion foreigners to pay 15% to save Cyprus, or?