> That's a gross mischaracterization of what actually happened. The EU didn't seized anything but gave a bailout of 10 billions euros at the demand of the cypri

> That's a gross mischaracterization of what actually happened. The EU didn't seized anything but gave a bailout of 10 billions euros at the demand of the cypriot governement and asked that in return the second largest bank be closed and uninsured deposit over 100k€ (and 48% of them in the largest bank) used as a one time levy. Whether you call it a "one-time levy" or the assets being seized is splitting hairs. The result is the same. Given that the money had already been taken, it would be hard to apply the levy more than once. > Most of this money belonged to foreigner using cyprus as a tax haven. This is just a smear against depositors. They had their money in a Cypriot bank account and had a reasonable expectation that it would stay there. Their intent for moving the money into Cyprus is irrelevant and certainly doesn't give anyone the right to arbitrarily seize assets. > Those who lost 3 Millions in the process were given a 7 millions discount on buying the Cypriot citizenship. How generous. This is like buying a faulty good and being given store credit for the same store as compensation.