Oh come on, thespicemoney must flow.
And if it's sitting idle on some bank account, it is actively hurting the economy, they should take 50% and tell people to invest or lose.
It's also funny how everybody is putting the blame on Germany when we wanted to spare the small savers who have below 100k.
I just heard on the radio that that was our plan but cypriot politicians (the elected kind) and the EU(the bank mostly IIRC) wanted to include everyone.
This little BBC article supports that notion with the following quote:
There was even an idea they mentioned that the small savers would be given shares of the bank in return.The speaker of the European Parliament, Germany's Martin Schulz, has called for the levy to be revised to protect small-scale bank customers.
You can put your sensationalist outrage under your pillows, next to that stash of money that is destroying your economy a bit more every day.![]()
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