This morning Sky reported that the levy on balances over 100k€ had now increased to 60% as per my prediction that it would increase from the 40% to 50%. It just shows you should never underestimate the insensitivity of the Eurocrats to the plight of ordinary people.
Also on cue the human interest story appears in todays DT Money headlined , “Cyprus Grabs Family’s Fortune”. The sold their villa on the island but now cannot bring the 200000€ back to Britain. I warned abou the inverse of this two days ago for would be purchasers. It works both ways as funds are held in Cyprus lawyers accounts with a Cyprus bank will be aggregated in the client escrow account and so subject to the full 60% theft. Continue reading “Cyprus just got worse”