Ad Majorem.....Wealth Builders
From CBS News | March 24, 2013
Cyprus leaders obtained a package of loans from EU lenders in a 10 hour tense negotiations. The financial meltdown of Cyprus was thus prevented, and its eventual exit from EU.
Had Cyprus not obtained this bail out plan, the financial aid from ECB would have been cut off.
Under the plan, the second largest bank of Cyprus, Laiki would be restructured with depositors with amounts in excess of $l00,000 taking a loss. Earlier, Cyprus legislators planned to impose a 4% tax on deposits
What do you think of the plan to tax depositors?
How do you prevent this from happenning?
From CBS News | March 24, 2013
Cyprus leaders obtained a package of loans from EU lenders in a 10 hour tense negotiations. The financial meltdown of Cyprus was thus prevented, and its eventual exit from EU.
Had Cyprus not obtained this bail out plan, the financial aid from ECB would have been cut off.
Under the plan, the second largest bank of Cyprus, Laiki would be restructured with depositors with amounts in excess of $l00,000 taking a loss. Earlier, Cyprus legislators planned to impose a 4% tax on deposits
What do you think of the plan to tax depositors?
How do you prevent this from happenning?
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