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Cyprus - Levy on bank accounts

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j08 Mon 18-Mar-13 09:33:51

I thought Pesident Anastasiades was going back to try to get out of this clause. Did he not read the small print before he accepted it?

Do we need two threads on Cyprus' s finances btw?

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BAnanas Mon 18-Mar-13 09:21:05

Does anyone agree that the Cypriot government imposing a levy, almost overnight and without notice on their citizens' bank accounts is not only completely undemocratic but surely illegal. What if this causes a run on banks in Spain, Italy, Portugal and of course Greece. Is this not a clear example of why we should never join the Euro? Could this, like the beginnings of the Arab Spring in Tunisia, spark a rejection of the Euro ideal?

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