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Cypress is a stable and prosperous country, but they had banks crisis and their bank savings were confiscated to prop up the banks.
by myth_drannon 10y ago
Cypress is a stable and prosperous country, but they had banks crisis and their bank savings were confiscated to prop up the banks.
- pjc50 10y agoCyprus is a country with a wall running across one corner of it which operated its financial industry as a tax haven, overbalancing the economy. Savings in excess of the insured level (€100k) took a cut (8% I believe).