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Tag Archives | Collective Punishment

EU imposes collective punishment on Cypriots

The official line, as reported by Bloomberg, is that, Cyprus Bank Deposits to Be Taxed in $13 Billion Bailout What this means is that 6.75% 0f the money in any account up to €100 000 and 9.9% of any amount over that has already been frozen in the account and will, if the plan goes […]

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