[Bon mots]

That’s nonsense.
They are not going to lose 60% of their deposits over €100,000.00, they are going to lose all of it.

[pepsionice]

What the story doesn’t indicate....is that there are Russian billionaires who stand to lose their bulk, and likely dozens...if not hundreds...of bank officials on the isle who will either be shot, or strangely disappear. All of these unwise investments that the banks engaged in...will involve pay-back.

About a month after the banks have all reopened....it’ll be hard to find any of the managers living on the island anymore.

[cynwoody]

That’s nonsense. They are not going to lose 60% of their deposits over €100,000.00, they are going to lose all of it.

That idiot little currency symbol, €, is at risk. If Europe stands behind Cypress, nothing less than 100% will suffice. If less, then € is trash! (But we already knew that!)

[freeangel]

“.They are not going to lose 60% of their deposits over €100,000.00, they are going to lose all of it.”

And I can see obama rubbing his hands and salivating in anticipation of doing the same here.