Originally Posted by adultmobile

Random news:

- Cyprus΄s finance minister said that large deposit holders (over 100,000 euro) at Cyprus Popular Bank PCL (CPB.CP), also known as Laiki, could face losses of as much as 80% on their deposits. He indicated that it could also take six to seven years before those depositors see any of their money returned. ?Realistically, very little will be returned". Some 20%, after 6-7 years. Losses facing large depositors at rival Bank of Cyprus PCL (BOCY.CP), could reach as much as 40%.

- Search for suspicious savers who beat Cyprus bank freeze: the Cyprus Parliament has demanded the names of those who moved suspiciously large sums of money shortly before the island's bank accounts were frozen. Commentators wondered how Russia could go along with a restructuring that would cost its citizens an estimated four to six billion euros. The reason may be simple: The biggest Russian account holders already have gotten most of their money out of this island tax haven through a gaping loophole. "I don't know one millionaire who would keep money in Cyprus in 2013" a Moscow tax consultant said. "As far as private individuals, they are a lot, and have hundreds of thousands in accounts there."

- The euro traded 0.2 percent from a four-month low versus the dollar as traders speculated future European bailouts could include the kind of bank deposit levies imposed on Cyprus. There is concern what?s happened in Cyprus is setting a precedent for what could potentially happen to deposit holders in other parts of the zone.