BREAKING: Cyprus, Troika Agree On 40% Haircut On Wealthy Depositors!!! BANK RUN IMMINENT!! Russian Leader Warns, “Get All Money Out Of Western Banks Now!”

Cyprus told: take bank levy or leave euro

President, eurozone finance ministers and bailout troika hold emergency meeting as €100 limit imposed on ATM withdrawals

Wealthy Russians stand to lose billions of euros in Cypriot banks under draconian terms being hammered out on Sunday night in Brussels to prevent the Mediterranean tax haven becoming the first country forced out of the single currency.

Negotiations got underway amid a hardening of the stance held by the International Monetary Fund and Germany, who insisted that depositors must take the hit for bailing out the eurozone’s latest crisis economy.

SYDNEY (MarketWatch) — Cyprus and its institutional lenders have reached a bailout deal, according to reports citing European Union officials. As part of the agreement the country will impose a 40% haircut on Bank of Cyprus depositors holding more than 100,000 euros ($129,760) in their accounts, Agence France Presse reported.

FIERCE negotiations to resurrect a deal for the EU and the IMF to bail out Cyprus appear to have wrapped up early, President Nicos Anastasiades has indicated on Twitter.

“Efforts have culminated”, read a translation from the Greek, with EU sources subsequently stating that a preliminary agreement is in place to hit Bank of Cyprus depositors with a massive 40 per cent “haircut” on deposits of more than 100,000 euros pending endorsement by Eurogroup finance ministers.

Russian Leader Warns, “Get All Money Out Of Western Banks Now!”


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  • Honest Harry’s Used Cars

    Yeah, and the stupid people in the press believe this is a good thing. They are paid to make all of you to believe, no one got advance warning of this “haircut”. Gullible?

    That’s not a strong enough word for it.

    LoL. The script-writers are having a field day playing the futures markets all over the world. If Bernanke and his criminal crew of scoundrels, (western or not, patriotic or not, and, religious or not), can continue to write the risk-on/risk-off script week after week, they can continue to control the world.

    And the alternative media just continues to get used, week after week, as they endlessly print gobbledegook forecasts of the end of the world, because they got sucked-in again by the endless scripts being written by former Hollywood writers for the Bernanke group of world financiers.

    Smarten up. Think outside the box these banking criminals have put everyone in.

  • Sir Rantsalot

    Ohhhhhhhhhh Dom – i – nos!!!

  • robertsgt40

    Hello bank runs! And not just Cyprus. Will spread like the plague.

  • Tom Sullivan

    That EU times link is a piece of fantasy sourced from David Booth aka Sorcha Faal, who is even less reliable than a long-range weather forecast but admittedly far more creative.