BANK HOLIDAY IN CYPRUS AND DEPOSIT CONFISCATIONS
Cyprus instituted a bank holiday at the behest of the European bureaucrats. While the banks were closed they confiscated depositors funds to bailout failed banks. As Time Magazine reported on 28 March 2013, “But Cyprus’ two biggest banks have been folded together, and their depositors and creditors are on the hook for the $7.5 billion “bail-in” that Cyprus itself must deliver as its contribution to the rescue package.“
Read the complete article at How To Vanish here.
Please Note: This article is to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.