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muriel_volestrangler

(106,056 posts)

2. That letter about illegality was about a tax on all Cypriot banks

Reply to dipsydoodle (Reply #1)

Wed Apr 3, 2013, 09:03 AM

Apr 2013

The measures being taken with Laiki and Bank of Cyprus are different, because they are actually insolvent (before the reconstruction, anyway). Deposits in an solvent bank, above the limit of any guarantee, are normally at risk.

I can't follow the argument in the 'pop quiz' link.

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Cyprus rescue plan will require great efforts, IMF says [View all] muriel_volestrangler Apr 2013 OP

Some thing odd may be going on out there dipsydoodle Apr 2013 #1

That letter about illegality was about a tax on all Cypriot banks muriel_volestrangler Apr 2013 #2

I'd overlooked the solvency aspect dipsydoodle Apr 2013 #3