And yet more on Cypress outrages

[+OverSword]

From the article:

FURY erupted yesterday as it emerged that rich Russians withdrew £2billion BEFORE a tax raid on bank savings in Cyprus was announced.

The revelation came as Eurozone ministers proposed a plan to protect investors with under 100,000 euros (£85,700).

But British troops on the Mediterranean island were left fearing they may still lose out as the UK Government watered down a guarantee to safeguard their cash.

An earlier scheme to grab 6.75 per cent of smaller savings would see an estimated 60,000 British ex-pats — with £1.7billion in Cypriot banks — potentially losing thousands.

The controversial one-off tax was announced on Saturday as part of a 10billion euro bailout.

But Russian oligarchs and big investors emptied accounts in the days beforehand, prompting claims they were tipped off by bank insiders. A source told The Sun: “It leaked out. Bankers warned their best clients. Government officials warned their friends and relatives.

“Billions disappeared from accounts in days, most from accounts held by Russians.”

Read more: http://www.thesun.co.uk/sol/homepage/news/politics/4848766/Troops-betrayed-in-Cyprus-bank-grab-as-Russians-seize-2billion.html#ixzz2O0hndp3M

[A rather obscure Bassoon]

From the article:

FURY erupted yesterday as it emerged that rich Russians withdrew £2billion BEFORE a tax raid on bank savings in Cyprus was announced.

The revelation came as Eurozone ministers proposed a plan to protect investors with under 100,000 euros (£85,700).

But British troops on the Mediterranean island were left fearing they may still lose out as the UK Government watered down a guarantee to safeguard their cash.

An earlier scheme to grab 6.75 per cent of smaller savings would see an estimated 60,000 British ex-pats — with £1.7billion in Cypriot banks — potentially losing thousands.

The controversial one-off tax was announced on Saturday as part of a 10billion euro bailout.

But Russian oligarchs and big investors emptied accounts in the days beforehand, prompting claims they were tipped off by bank insiders. A source told The Sun: “It leaked out. Bankers warned their best clients. Government officials warned their friends and relatives.

“Billions disappeared from accounts in days, most from accounts held by Russians.”

Read more: http://www.thesun.co...l#ixzz2O0hndp3M

It just highlights how dirty the banking system and I might add politicians have become.They are operating unregulated and with impunity, and this will be just the start,if they they get away with this one, more outrages will follow.

Edited March 19, 2013 by shaddow134

[freetoroam]

i am surprised they are surprised, it was obvious this was going to happen, I mentioned the Russians on the other thread.