Quote:
Originally Posted by pornmasta
They can do what they want, now people would never invest there again.
Their economy is fucked, it's just a matter of time.
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I agree, lost reputation as money launder and tax haven, on long term.
But, even if not care to Cyprus, what it happens there in next days could lead to different outcomes for bigger Euro countries.
discussions on a levy of around 25% on holdings of over 100,000 euros at Bank of Cyprus:
http://www.reuters.com/article/2013/...92G03I20130323
The tax is unprecedented in Europe. Cypriot leaders fear the damage to the country's offshore banking industry: they hold 68 billion euros in deposits, including 38 billion in accounts of more than 100,000 euros, enormous sums for an island of 1.1 million people which could never sustain such a big financial system on its own.
(do some math, deposits is 61,000 eur per inhabitant including kids and homeless ones, this is not money by cypriots.. half may be russians, but rest is Uk, Germany, Israel, anywhere - and adult sites).