category

Eurozone “bails out” Cyprus by imposing bank account tax

Credit: Google Maps

Credit: Google Maps

Those not responsible for the dire economic condition of Cyprus get to bail out the banksters and the mafias once again.

Eurozone leaders and the IMF on Saturday announced an unprecedented levy on all deposits in Cypriot banks as the sting in the tail of a 10-billion-euro bailout for the near-bankrupt government in Nicosia.

But hey, a 10% vig is just the cost of doing business for those laundering money through Cyprus banks. And I guarantee most of them had advance warning of this and probably have already moved most of their money out of the country.

Comments are closed.

Powered by WordPress. Designed by WooThemes