Cyprus Taxes Citizens Bank Accounts and "Takes" 10% of Their Cash From Accounts

Cyprus Gets Bailout as Depositors Suffer Surprise Tax

Bank of GreeceBy Shepard Ambellas
Intellihub.com

March 16, 2013

ATHENS — Cyprus, one of the smallest nations in the Eurozone (which requested an emergency bailout since 2012) will now get it.

In late response to the request, the International Monetary Fund (IMF), European Central Bank, and the European Commission have now imposed a new surprise tax that will take monies directly from the bank accounts of savers, in what some would say is a mafia style strong-arm maneuver against the best interests of Greek citizens.

In fact people are flocking to banking institutions and ATM’s like madmen to withdraw as much loot as they can from their accounts as the decision has been made from above.

The president President, Nicos Anastasiades calls the decision “painful”.

An excerpt from a report by Liz Alderman reads;

Cypriot banks are loaded up on bad loans made to Greek companies and individuals, which have turned sour at an alarming rate as Greece deals with the fourth year of a devastating economic and financial crisis.

“I’m not surprised that people are trying to get their money out in Cyprus; that is entirely to be expected,” Mr. Kirkegaard said. “They wake up Saturday morning and are told on the radio their bank deposits are at risk.”

James Canter lays out just what went down as follows, “In the early hours of Saturday morning, after 10 hours of talks, finance ministers from euro area countries, the International Monetary Fund and the European Central Bank agreed on terms that include a one-time tax of 9.9 percent on Cypriot bank deposits of more than 100,000 euros, and a tax of 6.75 percent on smaller deposits, European Union officials said.

“It’s not a pleasant outcome especially for the people involved,” Michalis Sarris, the Cypriot finance minister, told reporters. “This is a once and for all levy,” he added, saying it should ensure no further flight of depositors from Cypriot banks.

Jeroen Dijsselbloem, the president of the group of ministers, told a separate news conference that lenders had reached “a political agreement” to aid Cyprus. The challenges to reaching a deal were “of an exceptional nature,” he said.

The latest bailout for the euro zone broke new ground by requiring haircuts, or losses, for all Cypriot bank depositors. A previous bailout for Greece required a significant haircut for Greek bondholders in early 2012 — something that European Union officials said at the time would be a one-of-a-kind measure.”

Will this bailout and surprise tax set precedence for what could become a new trend of government and banker looting?

Views: 421

Reply to This

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Doc Vega posted blog posts
1 hour ago
Sandy posted a video

EPSTEIN MAXWELL HIDDEN DOCUMENTARY

Real Time Intel Exclusively On Telegram t.me/brainwashed444
4 hours ago
Less Prone favorited Sandy's video
8 hours ago
Less Prone favorited tjdavis's video
8 hours ago
Less Prone posted a video

Sydney Sweeney Has Great Jeans - Outrage AI Parody Song

AI Parody Music Video poking fun at the online hysteria surrounding Sydney Sweeney's American Eagle jeans campaign.✅ Blue jeans✅ Blonde panic✅ DEI gone wild✅...
8 hours ago
tjdavis posted a video

How "Free" P*rn Sites Really Work (and Who Runs Them)

Excerpt from This Past Weekend w/ Theo Von #559 Laila MickelwaitFull Episode: https://youtu.be/9J7187j4PO4?si=2GUNymssKJpe6nEvFind Theo Von:Website: https://...
19 hours ago
tjdavis posted a blog post
19 hours ago
Doc Vega posted blog posts
yesterday
Doc Vega commented on Ragnarok's video
Thumbnail

Charles Manson Talks About The Global Elite

"I've had my account with YouTube terminated before over bullshit excuses because they…"
yesterday
Doc Vega commented on Ragnarok's video
Thumbnail

Charles Manson Talks About The Global Elite

"Remember, though he makes his points, this man used the Beatles White Album as his own manifesto of…"
yesterday
Sandy posted videos
Monday
Sandy posted a photo
Monday
Sandy commented on Sandy's video
Sunday
Sandy posted a video
Sunday
cheeki kea posted a photo
Jul 30
Burbia posted a video

Strange Videos That Expose Something Massive

#disturbing #video #strange #scary #scaryvideos #strangevideos This is a compilation of the most disturbing videos on the internet, not only...
Jul 30
Doc Vega posted blog posts
Jul 29
Burbia commented on Burbia's video
Jul 29
Burbia posted a video

SUPEROLA & THE LOST BURGERS

This Game is RUBBISH !
Jul 29
pohonemas33 team commented on tjdavis's photo
Thumbnail

DejaVu

"nice very goodjob, i wish you can visit official situs pohonemas33"
Jul 26

© 2025   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted