DislikedAcross the EU all private bank savings of upto 100k Euros (80k GBP) per person, per institution, are protected with governmental/EU insurance scheme. There is no consensus anywhere to change that. This particular idea of taking a percentage of Cypriot bank savers deposits has apparently been largely proposed jointly by the ECB and Cypriot Government because 'Cyprus's banking structure [is] different from others in the eurozone, with fewer private bondholders, there [has] to be a tax on ordinary savers.' Now neither could be said to be socialist...Ignored
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