Cyprus Deal Protects Smaller Depositors

Cyprus struck a last-minute bailout deal in the early hours of Monday morning, aimed at preventing the island becoming the first country forced out of the single European currency. The deal spares all amounts in bank accounts below  €100,000. Bank of Cyprus faces huge restructuring. No bailout money will be used to the recapitalise the […]
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Deposit Accounts in Cyprus hit with €5.8 Billion Levy

If you think our Property Tax is bad – wait until you hear what European finance ministers have done to savings accounts in Cyprus. The EU ministers have agreed a  €10 billion  bailout for the banks in Cyprus  which includes all Cypriot bank customers handing over at least 6.75% of their savings. Accounts with savings […]
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