[aynrandfreak]

Deposits below 100,000 euros in Laiki will be transferred to Bank of Cyprus, the country's largest bank. Deposits above 100,000 euros, which under EU law are not insured, will be frozen and will be used to resolve debts. It remains unclear how large the writedown on those funds will be.

In the US the FDIC says deposits insured up to E100,000. This seems to imply that if you were foolish enough to save up E105,000, that now all of your money goes to the bad bank to be lost forever with all of the big foreign money they're looting?

[Cowboy Bob]

It’s a little unclear from the article, but... Did they say that if you had 95,000 Euros in the bank, the account was safe. But, if you had 105,000 Euros in the account, you lost everything?