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March 16th, 2013 
FAKE NEWS for the Zionist agenda CYPRUS: GOVERNMENT TAKES UP TO 10% OF INDIVIDUALS’ FUNDS ON DEPOSIT WITH BANKS AS PART OF BAILOUT AGREEMENT
March 16th, 2013
Via: BBC:
People in Cyprus have reacted with shock to news of a one-off levy of up to 10% on savings as part of a 10bn-euro (£8.7bn; $13bn) bailout agreed in Brussels.
Savers could be seen queuing at cash machines amid resentment at the charge.
The deal reached with euro partners and the IMF marks a radical departure from previous international aid packages.
President Nicos Anastasiades defended it as a “painful” step, taken to avoid a disorderly bankruptcy.
The Cypriot leader, who was elected last month on a promise to tackle the country’s debt crisis, will address the nation on Sunday.
…
People in Cyprus with less than 100,000 euros in their accounts will have to pay a one-time tax of 6.75%, Eurozone officials said.
Those with greater sums will lose 9.9%.
Cypriot bank officials quoted by AP news agency said depositors could access all of their money except the amount set by the levy.
The levy itself will not take effect until Tuesday, following a public holiday, but action is being taken to control electronic money transfers over the weekend.
Co-operative banks, the only ones open in Cyprus on Saturday, closed after people started queuing to withdraw their money.
“This is robbery and we must get the EU to stop this,” Alan, a British expatriate saver in Cyprus, told BBC News.
More: Savers Bear Brunt of Unprecedented Cyprus Bailout
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