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Re:The Real Reason The Poor Go Without Bank Accounts by aj12345 on Saturday September 21, 2013 @08:30PM (#6425225)
Can you please provide examples of developed countries speaking "in the last few years of forcing depositors to take losses in the event of bank failures" and which ones "have actually done it"? Cyprus is the only example that I can think of that discussed it and I can't think of any that have actually done it.
Re:The Real Reason The Poor Go Without Bank Accounts by thyrsus on Saturday September 21, 2013 @09:42PM (#6425431)
According to this http://wealthcycles.com/features/cypress-bailout-deal-is-pil... deposits under 100,000 euros were exempt, with a 40% forfeiture of amounts over 100,000. There were other proposals, but that appears to have been the actual outcome.
Re:The Real Reason The Poor Go Without Bank Accounts by aj12345 on Tuesday September 24, 2013 @08:19PM (#6441804)
So in other words, insured deposits were paid out fully and uninsured deposits got a big haircut. Sounds like the correct outcome to me.
Re:The Real Reason The Poor Go Without Bank Accounts by wintersFright on Sunday September 22, 2013 @08:24AM (#6426525)
Europe has repeatedly stated cyprus is a template for future bailouts.