Re:Cyprus Bailout: Stupidity, Short-Sightedness, Something E...
by thebmax on Friday March 29, 2013 @05:01AM
(#5459838)
This is really interesting and makes the whole situation seem absurd. It makes you wonder what they (the EU) are thinking. It is really scary that this can happen in this manner. Each individual bank was not treated differently - some Cyprus banks stayed conservative and didn't put their depositors money at risk and are still being wiped out. Amazing - and scary.
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Re:Cyprus Bailout: Stupidity, Short-Sightedness, Something E...
by ProblemFactory on Friday March 29, 2013 @06:33AM
(#5460041)
Is that really the case? From what I've understood from the news, accounts in banks that haven't lost their customers' money are safe and operating as usual.
Depositors are only taking a loss at bankrupt banks where their money was wiped out by bad investments, and now EU and Cypriot taxpayers are refunding a portion of it.