[Cowboy Bob]

From what I’ve read, the 20% confiscation will be made to those who have over 100,000 € in their account at the Bank of Cyprus. The second largest bank (Popular Bank) will be split into 2 (good assets and bad assets). What I’m not clear about is what happens to the accounts in Popular bank that were over 100,000 €? Is it all gone?

[Bon mots]

Now they are talking about confiscating (stealing) 25% with some demanding 40-50%.

Pretty much every penny in Cyprus banks is gone, what remains to be seen is if their deposit insurance works and if the little people lose everything too.

[Bon mots]

From what I’ve read, the 20% confiscation will be made to those who have over 100,000 € in their account at the Bank of Cyprus. The second largest bank (Popular Bank) will be split into 2 (good assets and bad assets). What I’m not clear about is what happens to the accounts in Popular bank that were over 100,000 €? Is it all gone?

Economist Fiona Mullen said she doubted there would be much leeway from the Eurogroup.

"Estimates on how much you would need to haircut changes from minute to minute but, if we go with (German Finance Minister Wolfgang) Schaueble's number last week, it was 40%. That probably just increased to 50% because of the recent events," she said.

SOURCE: http://www.france24.com/en/20130323-pain-mounts-big-depositors-two-main-cyprus-banks