tag:blogger.com,1999:blog-25714039.post1431175936836218608..comments2023-10-26T00:17:28.411+08:00Comments on A Private Portfolio: Cyprus Deposit Levy - as dumb as it getstraineeinvestorhttp://www.blogger.com/profile/05179861120801348035noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-25714039.post-8078792232021903682013-03-23T10:44:15.663+08:002013-03-23T10:44:15.663+08:00No, I don't agree with that. Those banks are b...No, I don't agree with that. Those banks are bankrupt, have been bankrupt for a while and this was known to any investor, particularly the big account holders from Russia. The preferred solution would have been to let these banks go bankrupt and protect accounts up to 100.000 by the EU warranty. The only wrongdoing I would see is to break this waranty and take away money from the small savers as well. The banking system in Cyprus was - besides a huge money laundering system - of completely inflated size for that small country, similar only to the ridiculously big wheel of Iceland's banks a while ago. There is absolutely no justification for support of such crazyness by anyone else but the investors.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-25714039.post-26990412273938967532013-03-19T13:20:32.103+08:002013-03-19T13:20:32.103+08:00completely agree, just when you think eurozone se...completely agree, just when you think eurozone sentiment had started to improve it is back to square one!<br /><br /><br />Thanks<br />beancounterAnonymousnoreply@blogger.com