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A comment on “My bank account's got robbed by European Commission. Over 700k is lost.”. Parent comment

Re:“My bank account's got robbed by European Commission. Ove... by JumpCrisscross on Friday March 29, 2013 @02:47AM (#5459587)
As of December 2012 62% of deposits in Cyprus were by domestic residents. Removing the €5,3 billion in non-Cypriot euro-deposits and we find about 31% of the mostly Russian and British deposits [1]. The political problem were the foreign deposits. The financial problem were 2011 foreign deposits at 82% of GDP, total deposits 2011 nearly 3x GDP, and bank assets 5-7x GDP.

[1] http://www.centralbank.gov.cy/media/xls/2nd_MFS_January_2013...

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Re:“My bank account's got robbed by European Commission. Ove... by _b8r0 on Friday March 29, 2013 @03:11AM (#5459637)
A lot of the British deposits were made by the UK MOD in order to pay staff at the two British airbases in Cyprus. Understandably, many of these staff had deposits in local banks.
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