[RoosterRedux]

At Bank of Cyprus, about 22.5 percent of deposits over 100,000 euros will attract no interest, the source said. The remaining 40 percent will continue to attract interest, but will not be repaid unless the bank does well.

Huh? That must be some of Obama's new math Reuters is using.

[rustyboots]

Do I understand this right? “...depositors in Bank of Cyprus will get shares in the bank worth 37.5 percent of their deposits over 100,000 euros, the source told Reuters, while the rest of their deposits may never be paid back.”

They get 37.5 per cent of what they had in the bank and unless the bank does good the other 62.5 per cent of their deposit just gets flushed out to the bank(ECB,IMF, or whatever)? Please tell me this is a poorly written article.