Home » Posts tagged with "Country Risk Solutions"


Bank of Cyprus clients could lose up to 60% of their savings

Post Pic
Large depositors stand to lose up to 60 percent of their savings as Cyprus enforces the controversial conditions of a €10-billion bank bailout from the eurozone and the International Monetary Fund. Officials said that deposits over €100,000 ($128,225) at the country’s largest bank will lose 37.5 percent of their value after being converted into bank shares. The losses could increase by another... 
Copyright © 2009 The European Union Times – Breaking News, Latest News. All rights reserved.